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home / news releases / GWPH - Zogenix Gets Much-Needed FDA Reversal As It Looks To Tackle Major Competitor


GWPH - Zogenix Gets Much-Needed FDA Reversal As It Looks To Tackle Major Competitor

Zogenix (ZGNX) had a great day last week, because the FDA had agreed to allow it to resubmit its New Drug Application ((NDA)) for Fintepla for the treatment of seizures associated with Dravet syndrome. This is a major turn of events, especially since many months ago, the stock was crushed on the news that the FDA had given it a Refusal-to-File ((RTF)) letter. Now, the biotech can press forward for potential FDA approval and this was very exciting for investors. The stock closed higher by 21% the day this news was announced.

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Stock Information

Company Name: GW Pharmaceuticals Plc
Stock Symbol: GWPH
Market: NASDAQ
Website: gwpharm.com

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