Allergic Reaction Focused ARS Pharmaceuticals' Lead Candidate Shows Efficacy In Skin Disorder
Portfolio Pulse from Vandana Singh
ARS Pharmaceuticals Inc (NASDAQ:SPRY) announced positive phase 2 results for its lead candidate, neffy, in treating chronic spontaneous urticaria, showing significant improvements in itch, hives, urticaria, and erythema scores. Neffy, an epinephrine nasal spray, was well-tolerated with mild to moderate adverse events. The company plans further studies towards FDA approval for allergic reactions, including anaphylaxis, with SPRY shares rising 5.15% to $8.78.
February 26, 2024 | 7:12 pm
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ARS Pharmaceuticals Inc announced positive phase 2 results for neffy in treating chronic spontaneous urticaria, with plans for further FDA approval studies. Shares rose 5.15% to $8.78.
The positive phase 2 results for neffy indicate a significant step forward in ARS Pharmaceuticals' development pipeline, potentially addressing a large unmet need in chronic spontaneous urticaria treatment. The announcement of further studies towards FDA approval could bolster investor confidence in the company's growth prospects, contributing to the stock's positive price action.
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