/raid1/www/Hosts/bankrupt/TCR_Public/190824.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, August 24, 2019, Vol. 23, No. 235

                            Headlines

INSYS THERAPEUTICS: Incurs $57.42MM Net Loss in June

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INSYS THERAPEUTICS: Incurs $57.42MM Net Loss in June
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Insys Therapeutics, Inc., et al., filed with the U.S. Securities
and Exchange Commission their monthly operating report for the
period June 10 to 30, 2019.

The Debtors incurred a $57.42 million net loss on net revenues of
$2.23 million for June.

At June 30, 2019, the Debtors listed $128.76 million in total
assets, $415.18 million in total liabilities, and $286.41 million
in total stockholders' deficit.

The Debtors had $37.3 million at June 1.  They listed $1.51 million
in total operating receipts and $2.5 million in total operating
disbursements for the month.  They ended the month with $36.28
million cash.

                About Insys Therapeutics

Headquartered in Chandler, Ariz., Insys Therapeutics, Inc. --
http://www.insysrx.com/-- is a specialty pharmaceutical company
that develops and commercializes innovative drugs and novel drug
delivery systems of therapeutic molecules that improve patients'
quality of life. Using proprietary spray technology and
capabilities to develop pharmaceutical cannabinoids, Insys is
developing a pipeline of products intended to address unmet medical
needs and the clinical shortcomings of existing commercial
products. Insys is committed to developing medications for
potentially treating anaphylaxis, epilepsy, Prader-Willi syndrome,
opioid addiction and overdose, and other disease areas with a
significant unmet need.

As of March 31, 2019, Insys had $172.6 million in total assets,
$336.3 million in total liabilities, and a total stockholders'
deficit of $163.7 million.

On June 10, 2019, Insys Therapeutics and six affiliated companies
filed petitions seeking relief under Chapter 11 of the Bankruptcy
Code (D. Del. Lead Case No. 19-11292).  Insys intends to conduct
the asset sales in accordance with Section 363 of the U.S.
Bankruptcy Code.

The Debtors' cases are been assigned to Judge Kevin Gross.

The Debtors tapped Weil, Gotshal & Manges LLP and Richards, Layton
& Finger, P.A., as legal counsel; Lazard Freres & Co. LLC as
investment banker; FTI Consulting, Inc. as financial advisor; and
Epiq Corporate Restructuring, LLC as claims agent.

Andrew Vara, acting U.S. trustee for Region 3, on June 20, 2019,
appointed nine creditors to serve on an official committee of
unsecured creditors in the Chapter 11 cases.  Akin Gump Strauss
Hauer & Feld LLP, and Bayard, P.A., serve as the Committee's
attorneys; and Province, Inc., is the financial advisor.


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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2019.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
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are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

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