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Stock impact report

ALK licenses rights to neffy®, the first approved adrenaline nasal spray for emergency treatment of allergic reactions (anaphylaxis) [Yahoo! Finance]

ARS Pharmaceuticals, Inc. (SPRY) 
Company Research Source: Yahoo! Finance
Pharma”, NASDAQ: SPRY). The agreement grants ALK exclusive global rights to the neffy ® adrenaline (epinephrine) nasal spray, with exception of the USA, Australia, New Zealand, Japan and China. The deal delivers on key elements in ALK's new strategy Allergy+ and supports ALK's long-term financial ambitions. Needle-free, nasal delivery of adrenaline has the potential to become an important treatment option in anaphylaxis ALK also gains rights to future indications, including acute urticaria flares (in development) ALK to pay USD 145 million in upfront and additional future milestones and sales royalties neffy ® is the first and only approved needle-free emergency treatment for patients experiencing acute and potentially life-threatening allergic reactions. The European Commission granted EUR neffy ® (the trade name for neffy ® in the EU) market authorisation in the EU in August 2024. Furthermore, neffy ® was approved by the US Food and Drug Administration also in August 2024. S Show less Read more
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