- 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.
Stellantis Plans Buyouts To 6,400 Salaried Employees To Cut Costs: Report
Stellantis NV (NYSE: STLA) reportedly disclosed its plan to offer voluntary buyouts to 6,400 U.S. salaried employees as a part of its cost-saving initiative.
