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Impax in ‘Precarious Position’ as Key Products Face Competition: Analyst

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Impax Laboratories’ reliance on a few key products — two generics and one brand drug — for the bulk of its revenue is likely to hurt the company in the near future as it loses its near monopoly on the drugs. Compounded with the impact of a warning letter for its Hayward, Calif., manufacturing facility that continues to prevent ANDA and NDA approvals, Impax is in a “precarious position,” Jefferies analyst Corey Davis said Oct. 31. Davis’ comments come after the company’s third-quarter earnings call last week.
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