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APUS Apimeds Pharmaceuticals US News Story

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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** Late on Thursday, co welcomed new FDA draft guidance on non-opioid pain therapies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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