SOURCE: INSYS Therapeutics, Inc.

Insys Therapeutics, Inc.

May 02, 2013 09:11 ET

Insys Therapeutics Announces Pricing of Initial Public Offering

PHOENIX, AZ--(Marketwired - May 2, 2013) -  Insys Therapeutics, Inc. (NASDAQ: INSY), a specialty pharmaceutical company that develops and commercializes innovative supportive care products, today announced the pricing of its initial public offering of four million shares of its common stock at a price to the public of $8.00 per share. The shares of Insys' common stock will trade on the NASDAQ Global Market under the symbol "INSY." All of the shares of common stock are being offered by Insys. In addition, the company has granted the underwriters a 30-day option to purchase up to 600,000 additional shares of common stock at the initial public offering price to cover over-allotments, if any.

Wells Fargo Securities, LLC and JMP Securities LLC are acting as joint book-running managers for the offering. Oppenheimer & Co. is acting as co-manager.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

A registration statement relating to the offering has been filed with, and declared effective by, the Securities and Exchange Commission. The offering is being made only by means of a final prospectus, which is part of the effective registration statement. Copies of the final prospectus, when available, may be obtained by contacting Wells Fargo Securities, LLC, 1525 West W.T. Harris Boulevard, NC0675, Charlotte, NC 28262, Attn: Capital Markets Client Support, telephone: 1-800-326-5897 or email:; or JMP Securities, Attn: Prospectus Department, 600 Montgomery Street, 10th Floor, San Francisco, CA 94111 (415-835-8985).

About Insys Therapeutics, Inc.
Insys Therapeutics, Inc. is a commercial-stage specialty pharmaceutical company that develops and commercializes innovative supportive care products, with a focus on utilizing its proprietary formulation technologies to address the clinical shortcomings of existing commercial pharmaceutical products. We have two marketed products including Subsys, a proprietary sublingual fentanyl spray for breakthrough pain in opioid-tolerant cancer patients. We market Subsys through our incentive-based, cost-efficient commercial organization of approximately 67 sales professionals. Our lead product candidate is Dronabinol Oral Solution, a proprietary orally administered liquid formulation of dronabinol, which would be our second branded supportive care product, if approved.

Contact Information

  • Investor Contacts:

    Darryl S. Baker
    Chief Financial Officer
    Insys Therapeutics, Inc.
    (602) 910-2617

    John Woolford
    Managing Director
    Westwicke Partners, LLC
    (443) 213-0506