Lannett Announces FDA Acceptance of New Drug Application

published 8:20 pm ET December 1st, 2017

On December 1, Lannett Company, Inc. (LCI) announced FDA acceptance of its 505(b)(2) New Drug Application (NDA) for Cocaine Hydrochloride (HCl) Topical Solution. The drug is a proprietary local topical anesthetic with the proposed name Numbrino. The submission is supported by two successful Phase 3 clinical trials.

 

Rocket Tickers detected the event and sent an alert to subscribers at 6:53 am. The next trade occurred at 8:04 am for $26.45. The stock opened for trading during the regular market session at $26.55.

Lannett’s stock price continued to climb throughout the day on the positive news before closing for the day at $28.65. That makes a gain of 8.3% for the day following the announcement.

 

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