Scilex Holding Company Provides Responses To Product Composition Questions Related To Its ELYXYB Patent In Canada For A New Drug Submission Under Review By Health Canada
Portfolio Pulse from Happy Mohamed
Scilex Holding Company (SCLX) has responded to Health Canada's questions regarding the product composition of ELYXYB, an FDA-approved oral solution for acute migraine treatment. ELYXYB is under review by Health Canada for approval, with a decision expected in approximately 12 months. The drug is noted for its fast action and potential for low gastrointestinal side effects compared to other NSAIDs. The Canadian migraine therapeutics market is estimated to reach $400 million by 2025.
March 18, 2024 | 1:04 pm
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Scilex Holding Company is in the process of getting Canadian approval for ELYXYB, a migraine treatment with significant market potential.
The news about Scilex's ELYXYB being under review by Health Canada for migraine treatment is highly relevant and important for SCLX investors. The potential approval in a significant market like Canada, where the migraine therapeutics market is expected to reach $400 million by 2025, could positively impact SCLX's stock price in the short term. The drug's unique selling points, such as fast action and lower gastrointestinal side effects, further enhance its market potential.
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