AcelRx feels the pain of Dsuvia CRL
Attempts to reassure investors by the chief executive of AcelRx Pharmaceuticals (Nasdaq: ACRX) could not stop the share price of the USA-based specialty pharma company from falling off a cliff on Thursday.
The cause for the 62% decline in stock value was the receipt of a Complete Response Letter (CRL) from the US Food and Drug Administration (FDA) in relation to AcelRx’s New Drug Application (NDA) for the opioid painkiller Dsuvia (sufentanil sublingual tablet).
Addiction to opioid-based painkillers has become a public health crisis in the USA and the FDA has said that dealing with it is a priority.
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