Liquidia Corp (NASDAQ:LQDA) is trading up in the pre-market session on Tuesday .
LQDA Releases News
Liquidia Announces Generic Treprostinil Injection Now Also Available for Subcutaneous Route of Administration
- announced that Sandoz Treprostinil Injection, a generic form of Remodulin®, is now also available for subcutaneous (“SC”) administration to treat patients diagnosed with pulmonary arterial hypertension (“PAH”).
- Sandoz Treprostinil Injection was the first fully-substitutable AP rated generic version of Remodulin. Both options for intravenous and SC administration of Sandoz generic Treprostinil Injection are now available at the same specialty pharmacy that dispenses the brand name medicine.
- On May 21, 2021, Liquidia PAH’s manufacturing partner, Chengdu Shifeng Medical Technologies LTD (“Chengdu”) began selling the RG 3ml Medication Cartridge, which may be used to supply medications to PAH patients.
- Liquidia had previously announced the FDA’s clearance of Chengdu’s 510(k) supporting the use of the cartridge with the CADD-MS 3 pump manufactured by Smiths Medical, which has been used for the SC administration of Remodulin for more than 10 years.
Scott Moomaw, Liquidia’s Senior Vice President of Commercial, said: “We are excited to provide a new option in the parenteral use of Treprostinil Injection. Patients who need and depend on subcutaneously administered treprostinil will now, for the first time, have access to a lower cost generic treprostinil. Through our agreement with Sandoz, we will continue to provide the same level of high-touch support and services to our patients, but at a lower cost compared to the branded product.”
Market Action
As of 7:40, LQDA stock is moving higher by 2.57% or 8 cents at $3.19. So far more than 600 shares have exchanged hands.
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