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

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

-718.8%Operating margin8
-745.5%Net margin8
-270.4%Return on equity8
1.03×Debt to equity8
-$97.3MFree cash flow8

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

Revenue910118$10.1M in 2022−93% since 2016
0$50.0M$100.0M$150.0M2016: $146.4M$146.4M20162017: $0$020172018: $0$020182019: $0$020192020: $0$020202021: $0$020212022: $10.1M$10.1M2022
Operating income121011138-$72.7M in 2022+16% since 2016
-$200.0M-$150.0M-$100.0M-$50.0M02016: -$62.9M-$62.9M20162017: -$116.3M-$116.3M2017+85%2018: -$137.8M-$137.8M2018+19%2019: -$140.7M-$140.7M2019+2%2020: -$169.7M-$169.7M2020+21%2021: -$147.7M-$147.7M2021−13%2022: -$72.7M-$72.7M2022−51%
Net income121011138-$75.4M in 2022+8% since 2016
-$200.0M-$150.0M-$100.0M-$50.0M02016: -$69.8M-$69.8M20162017: -$92.2M-$92.2M2017+32%2018: -$120.7M-$120.7M2018+31%2019: -$112.7M-$112.7M2019−7%2020: -$160.9M-$160.9M2020+43%2021: -$158.6M-$158.6M2021−1%2022: -$75.4M-$75.4M2022−52%
Fiscal year2016201720182019202020212022
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 shares8183.2M shares8
Shares (weighted, diluted)154.9M shares8183.2M shares8

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Leadership

Who has led Spectrum Pharmaceuticals, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (32)

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

  1. Feb 14, 2022New chief executive Thomas J. Riga becomes CEO17
  2. Jan 19, 2018New chief executive Joseph W. Turgeon becomes CEO18
  3. Jan 4, 2006New chief executive Rajesh C. Shrotriya Md. becomes CEO19
  4. Nov 18, 2002Founded Spectrum Pharmaceuticals is founded4

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:

  1. Nov 9, 202315-12G EDGAR
  2. Sep 27, 2023EFFECT EDGAR
  3. Sep 27, 2023EFFECT EDGAR
  4. Sep 27, 2023EFFECT EDGAR
  5. Sep 27, 2023EFFECT EDGAR
  6. Sep 27, 2023EFFECT EDGAR
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  10. Sep 27, 2023EFFECT EDGAR
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  15. Sep 27, 2023EFFECT EDGAR
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  17. Sep 27, 2023EFFECT EDGAR
  18. Sep 27, 2023EFFECT EDGAR
  19. Sep 27, 2023EFFECT EDGAR
  20. 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.

DateWhoTradeSharesPriceValueFiling
May 26, 2023Brennan NoraSee RemarksSale32,387$1.10$35.6KForm 4
Mar 15, 2023McGahan Keith MSee RemarksSale27,197$0.80$21.8KForm 4
Mar 15, 2023Riga Thomas JSee RemarksSale31,381$0.80$25.1KForm 4
Mar 14, 2023McGahan Keith MSee RemarksSale15,733$0.82$12.9KForm 4
Mar 14, 2023Riga Thomas JSee RemarksSale18,153$0.82$14.9KForm 4
Feb 23, 2023McGahan Keith MSee RemarksSale18,385$0.77$14.2KForm 4
Feb 22, 2023McGahan Keith MSee RemarksSale11,990$0.76$9.1KForm 4
Feb 22, 2023Riga Thomas JSee RemarksSale37,009$0.77$28.4KForm 4
Jan 31, 2023McGahan Keith MSee RemarksSale41,014$0.62$25.4KForm 4
Jan 31, 2023Riga Thomas JSee RemarksSale107,424$0.66$70.9KForm 4
Jan 30, 2023McGahan Keith MSee RemarksSale26,138$0.54$14.1KForm 4
Jan 30, 2023Riga Thomas JSee RemarksSale69,389$0.54$37.5KForm 4
Jan 3, 2023Riga Thomas JSee RemarksSale23,929$0.38$9.1KForm 4
Nov 30, 2022Vacirca Jeff LDirectorBuy50,000$0.45$22.5KForm 4
Jun 23, 2022LEBEL FRANCOISChief Medical OfficerSale6,667$0.84$5.6KForm 4
Jun 22, 2022LEBEL FRANCOISChief Medical OfficerSale6,096$0.81$4.9KForm 4
Jun 21, 2022Brennan NoraSee RemarksSale3,569$0.79$2.8KForm 4
Jun 21, 2022Fischer Seth H. Z.DirectorSale5,711$0.79$4.5KForm 4
Jun 21, 2022Vyas DolatraiSale4,283$0.79$3.4KForm 4
Jun 21, 2022Ashton WilliamDirectorSale4,283$0.79$3.4KForm 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.

Sources

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