Aralez rockets on Yosprala approval from FDA
Shares in Canada-based specialty pharma company Aralez Pharmaceuticals (TSX: ARLZ) were up more than 9% on Thursday lunchtime after the US Food and Drug Administration approved once-daily Yosprala (aspirin/omeprazole).
Yosprala is indicated for secondary prevention of cardiovascular and cerebrovascular events in patients at risk for aspirin-associated gastric ulcers. It is now the only prescription fixed-dose combination of aspirin, an anti-platelet agent, and omeprazole, a proton pump inhibitor (PPI) in the USA.
Aralez is expanding its sales force in the USA by 85 representatives this month, taking it to a total of 110, and plans to begin the promotional US launch of Yosprala during the first week of October.
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