Phathom Pharmaceuticals Provides Regulatory Update and Plans

April 4, 2023

(24/7 MARKET NEWS) – Phathom Pharmaceuticals, Inc. (NASDAQ:PHAT) provided, this morning, a regulatory update following its recent meeting with the FDA regarding the complete response letters (CRLs) for Phathom’s erosive esophagitis NDA and H. pylori post approval supplement (PAS) to VOQUEZNA(R) TRIPLE PAK(R) and VOQUEZNA(R) DUAL PAK(R) NDAs. Both CRLs were solely related to specifications and controls for a nitrosamine drug substance related impurity, N-nitroso-vonoprazan (NVP).

Phathom Pharmaceuticals is trading at $8.35, up $0.93 (+12.53%), on 120 thousand premarket shares.

Its 52-week trading range is $5.84 to $16.0664. It has an interesting chart in that, if it can pick up the trading volume, it has a gap from the $10 to $12 trading level.

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