Loading...
Loading...
A press release on Monday morning has sent shares of Acura Pharmaceuticals
ACUR sharply higher during the trading session. At last check, the stock had added around 64 percent and was trading at $2.36. The company announced the release of a "next generation pseudoephedrine product" which combines nasal-congestion release with a unique technology that disrupts the conversion of pseudoephedrine into the illegal street drug methamphetamine. According to the press release, the drug is now available to national and regional drug wholesalers and will be in pharmacies soon.
"The launch of Nexafed(R) is a significant milestone for Acura and in the continued fight against meth in the U.S.," said Robert B. Jones, president and chief executive officer of Acura Pharmaceuticals. "Acura is highly committed to addressing the needs of local communities by investing in the development of abuse-deterrent technologies and medicines. It's not about innovating once, but continuing to improve on the technology without compromising efficacy."
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Intraday UpdateMovers
We simplify the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in