Adamis' EpiPen generic approval sends stock soaring
Shareholders in Adamis Pharmaceuticals (Nasdaq:ADMP) were dining out on Thursday night as the company’s stock closed 53% up at $5.75 following the news that its generic version of the EpiPen (epinephrine) device had received regulatory approval in the USA.
The US Food and Drug Administration (FDA) approved the Adamis pre-filled single-dose syringe, which will go by the trade name Symjepi, for the treatment of allergic reactions, including anaphylaxis.
"With an anticipated lower cost, small size and user-friendly design, we believe Symjepi could be an attractive option"
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