FDA Grants Timber Pharmaceuticals CARC Waiver for TMB-001

(24/7 MARKET NEWS) – Timber Pharmaceuticals, Inc. (NASDAQ:TMBR) stated, this morning, that the U.S. Food and Drug Administration (FDA) granted a dermal carcinogenicity (CARC) waiver for TMB-001, a topical isotretinoin formulated using the Company’s patented IPEG delivery system, based on results of a 39-week repeat dose dermal toxicity study.

Timber Pharmaceuticals is trading at $1.98, up $0.49 (+32.88%), on 17.20K premarket shares traded.

Its 52-week range is $1.20 to $17.485. This gapped up over its recent resistance points and, if its trading volume increases, its setup is favorable to challenge its April and March highs.

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