SPPI on NASDAQ
Spectrum Pharmaceuticals
Logo: Spectrum Pharmaceuticals, Public domain, via Wikimedia Commons5
American biopharmaceutical company
Spectrum Pharmaceuticals, Inc. is an American biopharmaceutical company located in Boston, MA. It develops and markets drugs for treatments in hematology and oncology.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 19, 2026.
Overview
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- TickerSPPI on NASDAQ1
- Industrypharmaceutical industry1
- HeadquartersHenderson1
- Websitewww.spectrumpharm.com
- Legal formDelaware corporation1
- Incorporated inDE6
- Business address11500 S. Eastern Ave., Suite 240, Henderson, Nv 890526
- Filer categoryNon-accelerated filer, Smaller reporting company6
- LEI549300COU30WSP3O5I074
- StatusActive4
- LEI statusLapsed (not renewed)4
- Registered addressC/O NATIONAL REGISTERED AGENTS, INC., 19801 Wilmington, United States4
- Registered withDivision of Corporations, Department of State, 35924394
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Spectrum Pharmaceuticals, Inc. is an American biopharmaceutical company located in Boston, MA. It develops and markets drugs for treatments in hematology and oncology.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Research and development52¢$42.2M
- Selling, general and admin48¢$38.8M
- Income tax0¢$46.0K
Out of $10.1M in revenue.8 The company lost money this year.
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue | $146.4M9 | $010 | $010 | $011 | $011 | $08 | $10.1M8 |
| Research and development | $59.1M12 | $51.5M10 | $75.2M10 | $79.3M11 | $109.4M13 | $87.3M8 | $42.2M8 |
| Selling, general and admin | $88.4M12 | $64.8M10 | $62.7M10 | $61.4M11 | $60.4M13 | $60.4M8 | $38.8M8 |
| Operating expenses | $147.7M8 | $82.8M8 | |||||
| Operating income | -$62.9M12 | -$116.3M10 | -$137.8M10 | -$140.7M11 | -$169.7M13 | -$147.7M8 | -$72.7M8 |
| Interest | $9.7M12 | $8.1M12 | $3.1M12 | ||||
| Income before tax | -$158.4M8 | -$78.1M8 | |||||
| Income tax | -$2.3M12 | -$21.9M10 | -$1.9M10 | -$9.2M11 | -$60.0K13 | $4.0K8 | $46.0K8 |
| Net income | -$69.8M12 | -$92.2M10 | -$120.7M10 | -$112.7M11 | -$160.9M13 | -$158.6M8 | -$75.4M8 |
| Earnings per share | -$0.9612 | -$1.0712 | -$1.1612 | -$1.2913 | -$1.028 | -$0.418 | |
| Earnings per share (diluted) | -$0.9612 | -$1.0712 | -$1.1612 | -$1.2913 | -$1.028 | -$0.418 | |
| Shares (weighted, basic) | 154.9M shares8 | 183.2M shares8 | |||||
| Shares (weighted, diluted) | 154.9M shares8 | 183.2M shares8 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash | $158.2M12 | $227.3M12 | $157.5M11 | $64.4M11 | $46.0M13 | $88.5M8 | $40.4M8 |
| Receivables | $08 | $13.0M8 | |||||
| Inventory | $08 | $9.2M8 | |||||
| Current assets | $216.7M9 | $277.7M12 | $250.7M10 | $244.0M11 | $186.6M13 | $104.0M8 | $101.0M8 |
| Property, plant and equipment | $455.0K8 | $476.0K8 | |||||
| Total assets | $428.8M9 | $487.4M12 | $390.9M10 | $263.4M11 | $196.8M13 | $111.5M8 | $103.3M8 |
| Current liabilities | $65.5M9 | $109.7M12 | $98.3M10 | $62.0M11 | $53.1M13 | $53.2M8 | $42.7M8 |
| Long-term debt | $28.7M8 | ||||||
| Total liabilities | $192.7M9 | $136.1M12 | $119.5M10 | $73.0M11 | $62.6M13 | $64.0M8 | $75.5M8 |
| Retained earnings | -$1.0B8 | -$1.1B8 | |||||
| Shareholders’ equity | $236.0M9 | $351.3M12 | $271.4M11 | $190.4M13 | $134.2M8 | $47.6M8 | $27.9M8 |
| Shares outstanding | 80.5M shares9 | 100.7M shares12 | 110.5M shares10 | 113.3M shares11 | 146.1M shares13 | 164.5M shares8 | 202.8M shares8 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$40.5M12 | -$38.9M10 | -$62.4M10 | -$134.6M11 | -$121.6M13 | -$119.5M8 | -$97.0M8 |
| Depreciation and amortization | $286.0K8 | $248.0K8 | |||||
| Stock-based compensation | $19.8M8 | $8.5M8 | |||||
| Capital spending | $78.0K12 | $465.0K10 | $107.0K10 | $9.0M11 | $5.5M13 | $221.0K8 | $273.0K8 |
| Free cash flow | -$40.5M | -$39.3M | -$62.5M | -$143.6M | -$127.2M | -$119.7M | -$97.3M |
| Cash from investing | $108.7M8 | -$26.7M8 | |||||
| Share buybacks | |||||||
| Cash from financing | $53.3M8 | $75.6M8 |
Leadership
Who has led Spectrum Pharmaceuticals, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerThomas J. Riga Feb 14, 2022 to Mar 17, 202317
- Chief executive officerJoseph W. Turgeon Jan 19, 2018 to Mar 17, 202118
- Chief executive officerRajesh C. Shrotriya Md. Jan 4, 2006 to Dec 4, 201719
- ChairRajesh C. Shrotriya Md. Jan 4, 2006 to Dec 4, 201719
- PresidentThomas J. Riga Feb 14, 2022 to Mar 17, 202317
- PresidentJoseph W. Turgeon Apr 17, 2014 to Mar 17, 202120
- PresidentRajesh C. Shrotriya Md. Jan 4, 2006 to Feb 13, 201419
- Chief financial officerNora Brennan Jun 23, 2022 to May 30, 202321
- Chief financial officerKurt A. Gustafson Jun 5, 2013 to Mar 16, 202222
- Chief financial officerBrett L. Scott Oct 12, 2010 to Oct 2, 201223
- Chief operating officerThomas J. Riga Dec 27, 2017 to May 14, 202124
- Chief operating officerJoseph W. Turgeon Apr 17, 2014 to Apr 19, 201720
- Chief operating officerJoseph Kenneth Keller Sep 11, 2012 to Dec 3, 201325
Board members and other officers (32)
- OfficerNora Brennan Jan 5, 2023 to Aug 1, 202326
- OfficerKeith M. McGahan Aug 1, 2023 to Aug 1, 202327
- OfficerThomas J. Riga Aug 1, 2023 to Aug 1, 202328
- Chief Medical OfficerFrancois Lebel Jun 21, 2019 to Jun 23, 202229
- Chief Commercial OfficerJoseph W. Turgeon Apr 24, 2013 to Dec 3, 201330
- Chief Medical OfficerLee F. Allen Md. Phd. Apr 24, 2013 to May 8, 201531
- CSO AND HEAD OF R&D OPERATIONSGeorge F. Tidmarsh Jul 19, 2010 to Feb 14, 201132
- Chief Scientific OfficerLuigi Lenaz Md. Apr 4, 2006 to Feb 11, 200933
- Vice President FinanceShyam K. Kumaria Dec 12, 2006 to Jan 3, 201134
- Board memberThomas J. Riga Feb 14, 2022 to Aug 1, 202317
- Board memberJuhyun Lim Mar 24, 2022 to Aug 1, 202335
- Board memberBrittany Bradrick May 12, 2022 to Aug 1, 202336
- Board memberNora Brennan Dec 14, 2020 to Jun 22, 202137
- Board memberElizabeth Czerepak Jul 2, 2019 to Jun 19, 202038
- Board memberRajesh C. Shrotriya Md. Jan 11, 2018 to May 17, 201839
- Board memberJoseph W. Turgeon Jan 19, 2018 to Mar 17, 202118
- Board memberWilliam Ashton Mar 5, 2018 to Aug 1, 202340
- Board memberBernice R. Welles Jun 18, 2018 to Jun 22, 202141
- Board memberJeff L. Vacirca Nov 14, 2018 to Aug 1, 202342
- Board memberRaymond W. Cohen Jul 1, 2013 to Jun 21, 201943
- Board memberDolatrai Vyas Jul 2, 2013 to Jun 22, 202144
- Board memberAnton Gueth Apr 2, 2012 to Dec 21, 201245
- Board memberGilles Gagnon Apr 3, 2012 to Oct 11, 201846
- Board memberKrishan K. Arora Jul 1, 2010 to Dec 21, 201247
- Board memberLuigi Lenaz Md. Jul 1, 2010 to May 22, 201848
- Board memberAnthony E. Maida Iii. Feb 22, 2007 to May 31, 201949
- Board memberDilip J. Mehta Md. Phd. Feb 22, 2007 to Jun 14, 201150
- Board memberJulius A. Vida Feb 22, 2007 to Apr 21, 201051
- Board memberRichard Fulmer Feb 22, 2007 to Apr 21, 201052
- Board memberStuart Mitchell Krassner Feb 22, 2007 to May 29, 201953
- Board memberMitchell P. Cybulski Jul 24, 2007 to Apr 21, 201054
- General counselKeith M. McGahan Jun 18, 2018 to Mar 17, 202355
Products and brands
Poziotinib is a tyrosine kinase inhibitor in development for use in patients with previously treated locally advanced or metastatic non-small cell lung cancer (NSCLC) with HER2 exon 20 insertion mutations.
Nov 28, 2022
Spectrum announced the lay off 75% of R&D staff after FDA New Drug Application (NDA) rejection. Spectrum also announced plans to discontinue development of poziotinib, and to explore “strategic alternatives” for the Poziotinib program.
Nov 25, 2022
Read the full text
Spectrum received a Complete Response Letter from FDA for Poziotinib.
Sep 22, 2022
Spectrum provided an update on Poziotinib following the FDA Oncologic Drugs Advisory Committee (ODAC) Meeting regarding Spectrum's New Drug Application (NDA).
The ODAC voted 9–4 against a Poziotinib approval as the advisers judged the drug's risks outweighed its benefits.
Feb 11, 2022
Spectrum announced FDA acceptance of the New Drug Application (NDA) submitted for Poziotinib
Dec 6, 2021
Spectrum submitted the New Drug Application (NDA) for Poziotinib.
Mar 11, 2021
FDA Grants Fast Track Designation (FTD) to Spectrum for Poziotinib.
Dec 19, 2018
Spectrum announced that based on a subset of data from MD Anderson's ongoing Phase 2 study, FDA did not grant Breakthrough Therapy Designation (BTD) to Poziotinib for the treatment of patients with metastatic non-small cell lung cancer (NSCLC) whose tumors have EGFR exon 20 mutations.
Spectrum's BTD application included data from 30 patients from MD Anderson's Phase 2 study who had failed platinum-based chemotherapy.
Spectrum reported that the MDAnderson data demonstrated a confirmed objective response rate of 40% and median duration of response of 6.6 months.
Spectrum stated the safety profile in this subset was consistent with historical data published on poziotinib and other tyrosine kinase inhibitors. The historical objective response rates for mutation specific NSCLC patients range between 0% and 8% with tyrosine kinase inhibitors and for non-mutation specific NSCLC patients range between 0.8% and 22.9% with other treatments.
2018 Spectrum submits Poziotinib application for Breakthrough Therapy Designation (BTD) to FDA based on data reported on patients treated by John V. Heymach and medical staff at the MD Anderson Cancer Center.
Sep 24, 2018
Spectrum Announced the release of updated Poziotinib data From MD Anderson's Phase 2 Study in Non-Small Cell Lung Cancer Patients.
May 3, 2018
Patent Licensing Agreement announced by and between The University of Texas MD Anderson Cancer Center (MDACC) and Spectrum Pharmaceuticals to cover discoveries by John V. Heymach and Heymach's research staff at MDACC in the future.
The filed patents, if granted, are expected to extend the intellectual property protection to 2037.
Oct 27, 2017
Spectrum highlights Poziotinib Data in Non-Small-Cell Lung Cancer (NSCLC) from research results reported by John V. Heymach and The University of Texas MD Anderson Cancer Center.
At the 18th IASLC World Conference on Lung Cancer in Japan, Spectrum presented data reported by Heymach and the MD Anderson Cancer Center research team illustrating that Poziotinib demonstrated evidence of significant antitumor activity in NSCLC patients with EGFR exon 20 insertion mutations, with interim data showing an Objective Response Rate of 73%.
Evidence of central nervous system (CNS) activity in a patient with CNS metastasis and another with leptomeningeal disease (LMD).
March 17, 2017
First Poziotinib clinical trial patient enrolled by John V. Heymach into the Investigator Study Protocol 2016–0783.
Feb. 23, 2017
John V. Heymach initiated the Investigator IND as the Study Sponsor to of the clinical research, Protocol 2016–0783, “A Phase II Study of Poziotinib in EGFR or HER2 Mutant Advanced Solid Tumors” in collaboration with Spectrum and National Cancer Institute (NCI).
From Wikipedia’s article on Spectrum Pharmaceuticals, shared under CC BY-SA 4.0.7
Former names
- NEOTHERAPEUTICS INCNov 12, 1996 to Dec 11, 20026
Timeline
Filings
176 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 33 major events, 48 insider forms, 12 large holders, 75 other. The latest 20:
- Nov 9, 202315-12G EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
- Sep 27, 2023EFFECT EDGAR
The 176 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
40 open-market trades by officers, directors and large owners since October 2021: 1 buys and 39 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 26, 2023 | Brennan NoraSee Remarks | Sale | 32,387 | $1.10 | $35.6K | Form 4 |
| Mar 15, 2023 | McGahan Keith MSee Remarks | Sale | 27,197 | $0.80 | $21.8K | Form 4 |
| Mar 15, 2023 | Riga Thomas JSee Remarks | Sale | 31,381 | $0.80 | $25.1K | Form 4 |
| Mar 14, 2023 | McGahan Keith MSee Remarks | Sale | 15,733 | $0.82 | $12.9K | Form 4 |
| Mar 14, 2023 | Riga Thomas JSee Remarks | Sale | 18,153 | $0.82 | $14.9K | Form 4 |
| Feb 23, 2023 | McGahan Keith MSee Remarks | Sale | 18,385 | $0.77 | $14.2K | Form 4 |
| Feb 22, 2023 | McGahan Keith MSee Remarks | Sale | 11,990 | $0.76 | $9.1K | Form 4 |
| Feb 22, 2023 | Riga Thomas JSee Remarks | Sale | 37,009 | $0.77 | $28.4K | Form 4 |
| Jan 31, 2023 | McGahan Keith MSee Remarks | Sale | 41,014 | $0.62 | $25.4K | Form 4 |
| Jan 31, 2023 | Riga Thomas JSee Remarks | Sale | 107,424 | $0.66 | $70.9K | Form 4 |
| Jan 30, 2023 | McGahan Keith MSee Remarks | Sale | 26,138 | $0.54 | $14.1K | Form 4 |
| Jan 30, 2023 | Riga Thomas JSee Remarks | Sale | 69,389 | $0.54 | $37.5K | Form 4 |
| Jan 3, 2023 | Riga Thomas JSee Remarks | Sale | 23,929 | $0.38 | $9.1K | Form 4 |
| Nov 30, 2022 | Vacirca Jeff LDirector | Buy | 50,000 | $0.45 | $22.5K | Form 4 |
| Jun 23, 2022 | LEBEL FRANCOISChief Medical Officer | Sale | 6,667 | $0.84 | $5.6K | Form 4 |
| Jun 22, 2022 | LEBEL FRANCOISChief Medical Officer | Sale | 6,096 | $0.81 | $4.9K | Form 4 |
| Jun 21, 2022 | Brennan NoraSee Remarks | Sale | 3,569 | $0.79 | $2.8K | Form 4 |
| Jun 21, 2022 | Fischer Seth H. Z.Director | Sale | 5,711 | $0.79 | $4.5K | Form 4 |
| Jun 21, 2022 | Vyas Dolatrai | Sale | 4,283 | $0.79 | $3.4K | Form 4 |
| Jun 21, 2022 | Ashton WilliamDirector | Sale | 4,283 | $0.79 | $3.4K | Form 4 |
All 40 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ARMISTICE CAPITAL, LLCSC 13G/A, 2 filings Feb 15, 2022 to Feb 14, 202356
- VANGUARD GROUP INCSC 13G/A, 2 filings Feb 10, 2022 to Feb 9, 202357
- MILLENNIUM MANAGEMENT LLCSC 13G, 1 filing Feb 10, 202258
- Hanmi Pharmaceutical Co., Ltd.SC 13D, 1 filing Feb 1, 202259
- State Street CorporationSC 13G/A, 2 filings Oct 12, 2021 to Jan 10, 202260
Links
- Websitewww.spectrumpharm.com1
- WikipediaSpectrum Pharmaceuticals
- WikidataQ7575301
- SEC EDGARCIK 831547
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 20SEC EDGARJoseph W. Turgeon, President
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- 26SEC EDGARNora Brennan, Officer
- 27SEC EDGARKeith M. McGahan, Officer
- 28SEC EDGARThomas J. Riga, Officer
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- 35SEC EDGARJuhyun Lim, Board member
- 36SEC EDGARBrittany Bradrick, Board member
- 37SEC EDGARNora Brennan, Board member
- 38SEC EDGARElizabeth Czerepak, Board member
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- 40SEC EDGARWilliam Ashton, Board member
- 41SEC EDGARBernice R. Welles, Board member
- 42SEC EDGARJeff L. Vacirca, Board member
- 43SEC EDGARRaymond W. Cohen, Board member
- 44SEC EDGARDolatrai Vyas, Board member
- 45SEC EDGARAnton Gueth, Board member
- 46SEC EDGARGilles Gagnon, Board member
- 47SEC EDGARKrishan K. Arora, Board member
- 48SEC EDGARLuigi Lenaz Md., Board member
- 49SEC EDGARAnthony E. Maida Iii., Board member
- 50
- 51SEC EDGARJulius A. Vida, Board member
- 52SEC EDGARRichard Fulmer, Board member
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- 54SEC EDGARMitchell P. Cybulski, Board member
- 55SEC EDGARKeith M. McGahan, General counsel
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