INSYS Therapeutics Completes $37 Million IPO to Back Medical Marijuana Drug

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Insys Therapeutics Inc. has completed its $36.8 million initial public offering to help bolster sales of its medical marijuana drug — one of a handful of Arizona IPOs within the past seven months. The resurgence of IPOs in Arizona is a sign that the economy is rebounding and capital is becoming more readily available. Other recent Arizona IPOs include: • Tempe-based LifeLock Inc. raised about $141 million in its IPO in October.

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