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Stock impact report

MIST Stock Falls 66% Following Complete Response Letter for Cardamyst [Yahoo! Finance]

Milestone Pharmaceuticals Inc. - Common Shares (MIST) 
Last milestone pharmaceuticals inc. - common shares earnings: 3/6 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
This drug is being developed for the treatment of paroxysmal supraventricular tachycardia (PSVT), a condition characterized by sudden, rapid heartbeats. While the CRL raises no concerns about the clinical safety or efficacy of etripamil, it points to two key Chemistry, Manufacturing, and Controls (“CMC”) issues that must be addressed before approval can be granted. Shares of MIST plunged 66.2% since the CRL issuance, reflecting the delay in the launch of Cardamyst. The company's shares have lost 67.8% so far this year against the industry's 2.2% growth. The S&P 500 Index has declined 5.6% in the same period. Image Source: Zacks Investment Research The first issue highlighted by the FDA pertains to nitrosamine impurities. The agency has requested additional data based on newly issued draft guidance that was published after MIST's NDA submission. Nitrosamines, which can pose carcinogenic risks when present above acceptable levels over prolonged exposure, have become an increasin Show less Read more
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