- Satsuma Pharmaceuticals Inc (NASDAQ:STSA) provided an update on its STS101 development program and corporate update.
- Further analysis of results from the recently-completed SUMMIT Phase 3 efficacy trial of STS101 for the acute treatment of migraine shows differentiating and sustained antimigraine effects on clinically critical secondary endpoints.
- Satsuma believes the results of its STS101 clinical trial program support the planned FDA marketing application filing in Q1 2023 and potential approval.
- The company said there is a compelling rationale, with regulatory precedents, for including a portion of the SUMMIT trial efficacy results in the STS101 prescribing information, despite STS101 not achieving statistical significance versus placebo.
- Consistent with prior guidance, Satsuma remains on track to submit the STS101 NDA in the first quarter of 2023.
- In parallel, the company is working to secure a commercialization partner for STS101.
- Price Action: STSA shares are up 11.70% at $0.9050 on the last check Tuesday.
Canadian Weed Edibles Producer’s Q2 Financial Results Show Drop In Revenue & Gross Profit, Here’s Why
Canadian cannabis edibles producer Indiva Limited (TSXV: NDVA) (OTCQX: NDVAF) reported on Tuesday its second quarter financial results for the three months ending June 30, 2023.
