ARS Pharmaceuticals stock falls toward record selloff after FDA issues surprise CRL, requesting additional studies

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ARS Pharmaceuticals stock falls toward record selloff after FDA issues surprise CRL, requesting additional studies
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Sharesof ARS Pharmaceuticals Inc. plunged 46.9% toward a 15-month low in premarket trading Wednesday, after the biopharmaceutical company said the U.S. Food...

Sharesof ARS Pharmaceuticals Inc.

plunged 46.9% toward a 15-month low in premarket trading Wednesday, after the biopharmaceutical company said the U.S. Food and Drug Administration issued a Complete Response Letter regarding the New Drug Application for its epinephrine nasal spray Neffy. In the CRL, the FDA requested completion of a study assessing repeat doses of Neffy. The request comes after an FDA advisory panel recommended in May that Neffy be approved without additional studies.

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