Plus   Neg

Stock Alert: Zogenix Loses 14%

Shares of Zogenix, Inc. (ZGNX) are sinking more than 14% on Thursday morning after the pharmaceutical company developing rare disease therapies, said the FDA has extended the review period for the New Drug Application (NDA) for the company's drug candidate FINTEPLA.

The new Prescription Drug User Fee Act (PDUFA) target action date for FINTEPLA, for the treatment of seizures associated with Dravet syndrome, has been extended by three months to June 25, 2020.

ZGNX is currently trading at $22.47, close to its 52-week low of $18.27.

We had alerted about this stock on February 7, when it was trading at $37. The stock is nearly 40% down since then.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Pharma Stocks by Subscribing to RTT Biotech Investor.
Editors Pick
Quaker Oats Co., a unit of food and beverages giant PepsiCo, Inc., has recalled 3.03 oz. bags of Quaker Rice Crisps Sweet Barbecue Flavor for the possible presence of undeclared soy ingredients, the U.S. Food and Drug Administration said. The recall involves 4,550 units of Quaker Rice Crisps Sweet Barbecue Flavor with UPC code of 0 30000 31984 0, and best before date of May 29, 2021. Brazos Electric Power Cooperative Inc., the largest power generation and transmission cooperative in Texas, filed for Chapter 11 bankruptcy protection citing a huge bill from the state's grid operator following major outages recently amid the winter storm. Brazos received a $1.8 billion bill from electricity grid operator Electric Reliability Council of Texas or ERCOT. El Abuelito Cheese is recalling certain types of cheese and cheese products for fear of potential contamination with Listeria Monocytogenes, a deadly bacteria, the U.S. Food & Drug Administration said in a statement. The recall involves Queso Fresco (Fresh, soft cheese), Quesillo (Oaxaca, string cheese), and Requeson (Ricotta) products.
Follow RTT