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Stock Market & Financial Investment News

News Breaks
July 28, 2014
08:56 EDTACRXAcelRx price target lowered to $12 from $14 at JMP Securities
JMP Securities cut its price target on AcelRx after the company received a Complete Response Letter from the FDA. The firm thinks the requests in the letter were minor, and the firm now assumes that the launch of the drug will be delayed a year until early 2016. However, it sees a 90% chance of the drug being approved and keeps an Outperform rating.
News For ACRX From The Last 14 Days
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July 24, 2015
08:34 EDTACRXAcelRx's Zalviso recommended for marketing authorization by Europe's CHMP
AcelRx Pharmaceuticals announced that the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency, has adopted a positive opinion for Zalviso. The opinion, while not binding, recommends marketing authorization for Zalviso for the management of acute moderate-to-severe post-operative pain in adult patients. Zalviso is an investigational drug-device combination product designed to deliver a sublingual formulation of sufentanil 15 mcg via a proprietary pre-programmed, non-invasive, patient-controlled device. The positive opinion by the CHMP will next be reviewed by the European Commission for central marketing authorization in the European Union. If approved, Grunenthal expects to launch Zalviso beginning in 1H16. In addition, AcelRx would be eligible to receive a $15M milestone payment from AcelRx's licensee in Europe, Grunenthal, upon approval. AcelRx had previously received CE Mark approval of the Zalviso device and ISO certification of its quality management system issued by the British Standards Institution.

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