Apimeds Pharma jumps as FDA backs faster approval path for non-opioid pain drugs
** Shares of drug developer Apimeds Pharmaceuticals APUS.A rise 26.5% to $2.48 premarket ** Late on Thursday, co welcomed new FDA draft guidance on non-opioid pain therapies ** Co said the U.S. FDA's proposal could help move its lead non-opioid drug candidate, Apitox, more quickly through clinical trials and toward regulatory approval ** Apitox is being developed to treat chronic pain caused by osteoarthritis, a condition that leads to long-term joint damage and reduced mobility ** As of last close, stock down 11.8% YTD (Reporting by Kamal Choudhury in Bengaluru) ((Kamal.Choudhury@thomsonreuters.com;))
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