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Last $45.61 USD
Change Today +0.075 / 0.16%
Volume 11.8K
IPXL On Other Exchanges
As of 9:33 AM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

impax laboratories inc (IPXL) Snapshot

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52 Week High
04/9/15 - $52.10
52 Week Low
08/4/14 - $22.12
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impax laboratories inc (IPXL) Details

Impax Laboratories, Inc., a specialty pharmaceutical company, develops, manufactures, and markets bioequivalent pharmaceutical products. It operates in two segments, Global Pharmaceuticals Division and Impax Pharmaceuticals Division. The Global Pharmaceuticals Division provides generic pharmaceutical products through its global products sales channel directly to wholesalers, large retail drug chains, and others; generic prescription products through third-party pharmaceutical entities to alliance and collaboration agreements; generic pharmaceutical over-the-counter (OTC) and prescription products to third parties; and generic pharmaceutical OTC products through third-party pharmaceutical companies. The Impax Pharmaceutical Division focuses on the development and promotion through its specialty sales force of proprietary brand pharmaceutical products for the treatment of central nervous system disorders, including migraine, multiple sclerosis, Parkinson’s disease, and postherpetic neuralgia. The company markets and sells its products to drug wholesalers, warehousing chain drug stores, mass merchandisers, and mail-order pharmacies in the continental United States and the Commonwealth of Puerto Rico. Impax Laboratories, Inc. has a strategic alliance agreement with Teva Pharmaceuticals Curacao N.V to develop, manufacture, and distribute controlled release generic pharmaceutical products. The company was founded in 1993 and is headquartered in Hayward, California.

1,061 Employees
Last Reported Date: 02/26/15
Founded in 1993

impax laboratories inc (IPXL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $552.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $446.2K
President of Impax Pharmaceuticals
Total Annual Compensation: $515.5K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $484.2K
Senior Vice President of Technical Operations
Total Annual Compensation: $419.6K
Compensation as of Fiscal Year 2014.

impax laboratories inc (IPXL) Key Developments

Impax Laboratories, Inc. Announces Executive Appointments

Impax Laboratories Inc. announced that it has filled two key executive leadership roles, appointing Donna M. Hughes, as Senior Vice President, Human Resources and Deborah M. Penza, as Senior Vice President, Chief Compliance Officer. Both Ms. Hughes and Ms. Penza will report to Impax's President and Chief Executive Officer, Fred Wilkinson. Ms. Hughes, who has over 20 years of legal and human resources experience, will oversee all of Impax's human resource functions. She joins Impax from Actavis, where she was Vice President, Labor and Employment, and a member of Actavis' Global Leadership Team and Human Resources Leadership Team. Ms. Hughes was responsible for the management of all labor and employment law matters company-wide, including employment litigation, benefits, immigration, acquisition due diligence, post-merger integration, and global human resources issues. Ms. Penza has over 20 years of experience as both a consultant and a compliance professional implementing and operating compliance programs in the healthcare industry. She will be responsible for the development, implementation and oversight of Impax's corporate compliance program. Ms. Penza joins Impax from Actavis, where she was Chief Compliance Officer.

Impax Laboratories, Inc. Amends the Amended and Restated Bylaws

On and effective March 24, 2015, the Board of Directors of Impax Laboratories Inc., amended the amended and restated bylaws of the company. The amendment to the Bylaws amends Article II, Section 5 and Article II, Section 6 of the Bylaws to implement a majority vote standard for the election of directors in uncontested elections while retaining a plurality vote standard for contested elections.

Impax Laboratories Inc. Provides Earnings Guidance for 2015

Impax Laboratories Inc. provided earnings guidance for 2015. The company's full year 2015 estimates, which include the newly acquired companies, are based on management's current belief about prescription trends, pricing levels, inventory levels, and the anticipated timing of future product launches and events. The company's estimates exclude the impact from any products for which the company has not yet received approval from the U.S. Food and Drug Administration. Adjusted gross margins as a percent of total revenue are expected to be in the mid 50% range, excluding preliminary projections of Hayward facility remediation costs. capital expenditures of approximately $45 million to $50 million; effective tax rate of approximately 34% to 36% on a GAAP basis, which assumes that the U.S. R&D tax credit is renewed for 2015. The company anticipates that its non-GAAP effective tax rate may experience volatility as the company's tax benefits may be high compared to the company's operating income or loss. The company anticipates that its non-GAAP effective tax rate may experience volatility as the company's tax benefits may be high compared to the Company's operating income or loss.


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