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Biotech Stocks Facing FDA Decision In February

Apricus Biosciences
Apricus Biosciences

Apricus Biosciences Inc.’s (APRI) resubmitted New Drug Application for Vitaros awaits the FDA's final word, which is expected on February 17, 2018.

Vitaros is a novel, on-demand topical cream for the treatment of erectile dysfunction, in-licensed from Warner Chilcott Co. Inc., now a subsidiary of Allergan plc. (AGN).

It is approved in Canada, Mexico, and certain countries in Europe, Latin America and the Middle East.

This is Vitaros’ second go-around with the FDA. It was turned down by the U.S. regulatory agency in July 2008, with questions being raised about the results of a transgenic mouse carcinogenicity study, which were completed in 2002.

Will Vitaros make it to the finish line this time?

APRI closed Thursday’s (Jan.25) trading at $2.32, down 6.16%.