Insys Therapeutics: Today's Big Biotech Winner
Shares of Insys Therapeutics rose 20% today, after the company posted strong second-quarter results for its cancer-related pain medicine, Subsys. After operating at a loss last year, the 38% sales growth of the drug this year helped propel Insys to making a $24 million profit this year. Shares of the stock have doubled year to date and are up 600% over the past 12 months.
In this video, Motley Fool health-care analyst David Williamson looks at Insys. With sales of Subsys having now surpassed all estimates, this is one that he will definitely have on his radar going forward.
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The article Insys Therapeutics: Today's Big Biotech Winner originally appeared on Fool.com.
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