US biopharma firm Paratek Pharmaceuticals (Nasdaq: PRTK) was on the receiving end of good news yesterday, as the US Food and Drug Administration approved its acne drug Seysara (sarecycline), adding to the market clearance of its pneumonia and skin infections product Nuzyra (omadacycline), and sending its shares up 8.17% to $9.99 by close of trading.
The FDA has approved Seysara for the treatment of inflammatory lesions of non-nodular moderate to severe acne vulgaris in patients 9 years of age and older.
Paratek has exclusively licensed US development and commercialization rights on Seysara for the treatment of acne to Allergan (NYSE: AGN), who has assigned such rights to Spain’s largest drugmaker Almirall (ALM: MC), which will launch the drug in the USA.
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