HomeMarket NewsPhathom files for FDA approval of vonoprazan for Non-Erosive GERD

Phathom files for FDA approval of vonoprazan for Non-Erosive GERD

Actionable Trade Ideas

always free

FDA Made of Colurful Pills and Drugs

asbe

Phathom Pharmaceuticals (NASDAQ:PHAT) has submitted its application to the FDA for the approval of vonoprazan. The drug is intended to be used on a daily basis for the treatment of non-erosive gastroesophageal reflux disease, commonly known as non-erosive GERD.

The biopharmaceutical company anticipates that the FDA will make its decision on the drug’s approval in the third quarter.

The company also revealed that it is initiating a Phase 3 study to evaluate the effectiveness of vonoprazan as an β€œas needed” treatment for heartburn episodes associated with non-erosive GERD.

Currently, the FDA is reviewing the use of the drug for erosive GERD and is expected to announce its decision by November 17. If approved, Phathom plans to launch the product in the fourth quarter.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.