Arcutis Canada Announces Health Canada Acceptance of the Supplement to a New Drug Submission for Roflumilast Foam 0.3% For Seborrheic Dermatitis in Individuals 9 Years of Age and Older
Portfolio Pulse from Benzinga Newsdesk
Arcutis Canada has announced that Health Canada has accepted a supplement to a New Drug Submission for Roflumilast Foam 0.3% intended for the treatment of Seborrheic Dermatitis in individuals aged 9 years and older.
January 08, 2024 | 12:44 pm
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POSITIVE IMPACT
Arcutis Biotherapeutics, Inc. (ARQT) may see a positive short term impact due to Health Canada's acceptance of the New Drug Submission for Roflumilast Foam 0.3%.
The acceptance of the New Drug Submission by Health Canada is a significant regulatory milestone for Arcutis Biotherapeutics, Inc. It suggests progress in the drug's approval process, which can lead to market expansion and increased revenue potential. This news is likely to be viewed positively by investors, potentially leading to a short term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100