Bioxcel Therapeutics Announced Its Clinical Prioritization, While Deprioritizing Sales Efforts For Its Approved Drug Igalmi (Dexmedetomidine) Sublingual Film. The Company Plans To Maintain Igalmi In The Market Without Its Current Commercial Infrastructure
Portfolio Pulse from Benzinga Newsdesk
Bioxcel Therapeutics is shifting its focus from sales efforts for its approved drug Igalmi to clinical prioritization. The company will keep Igalmi on the market but without its current commercial infrastructure.
September 19, 2024 | 11:31 am
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Bioxcel Therapeutics is deprioritizing sales efforts for Igalmi, focusing instead on clinical priorities. This strategic shift may impact short-term revenue but could align resources for long-term growth.
The decision to deprioritize sales efforts for Igalmi suggests a potential decrease in short-term revenue as the company reallocates resources to clinical priorities. This could lead to a negative short-term impact on BTAI's stock price.
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