Eagle soars on FDA filing for heat stroke therapy
Eagle Pharmaceuticals (Nasdaq: EGRX) has announced the US Food and Drug Administration will review its filing for Ryanodex (dantrolene sodium), and has given the therapy priority review designation.
Ryanodex is a novel therapy for the treatment of exertional heat stroke (EHS), a condition which the company says affects up to 75,000 people in the USA annually. Shares in the company rose sharply on the announcement.
Chief executive Scott Tarriff said: “There is currently no approved pharmacological treatment for EHS. If Ryanodex is approved, Eagle will be the first to market with a potentially transformational therapy.”
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