Arizona, USA-based cannabinoid specialist Insys Therapeutics (Nasdaq: INSY) says an expert panel convened by the US Food and Drug Administration voted against approving the firm’s buprenorphine sublingual spray as a treatment for moderate-to-severe acute pain.
Shares in Insys, which is focused on developing spray technology to administer products, were seemingly unaffected by the announcement.
The company filed for approval last year, based on positive Phase III efficacy data.
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