SUDA Attains TGA Approval for ZolpiMistTM, Stock Zooms Up ~200%

  • Jul 29, 2020 AEST
  • Team Kalkine

SUDA Pharmaceuticals Ltd (ASX:SUD) has attained a significant milestone with the receipt of Therapeutics Goods Administration’s (TGA) approval for its lead product ZolpiMistTM for treating short-term insomnia in adults.           

TGA approval provides following benefits to SUDA:

  • It enables commercialisation and supply of product within Australia.
  • It allows more competitive supply price for the product.
  • It supports corresponding submissions in additional territories.

Following the key update, SUDA’s stock is trading ~203.7 per cent higher at $0.082 (as at 12:00 PM AEST)


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