KemPharm gets FDA Approval for AZSTARYS™ to Treat ADHD
On March 2, KemPharm, Inc. (KMPH) announced that the FDA approved its New Drug Application (NDA) for the drug AZSTARYS™ (formerly referred to as KP415). The drug is a once-daily treatment for patients six-years-old and above who have attention deficit hyperactivity disorder (ADHD). AZSTARYS™ should be available as early as the second half of 2021 and provides an important new tool for physicians treating patients with this condition.
Sonal detected the event and alerted subscribers at 11:23 pm on March 22. KemPharm had last traded at 6:55 pm for $10.10. The stock price jumped above $20 prior to the market open on March 3 before pulling back to close at $13.47. KemPharm ended the day with a 33% gain.
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