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Why The KemPharm (KMPH) Stock Has Been Rising More Than 50% In Early Trades?

VBTX Stock

VBTX Stock

The specialty pharmaceutical company KemPharm, Inc. (NASDAQ: KMPH) has been seeing its shares skyrocketing in early trades today. As of 10:46 a.m. EST, the stock was at a rise of +57.37% to $14.84. The increase came the following approval a new drug application (NDA) by the Food and Drug Administration (FDA).

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What’s behind the surge?

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KemPharm is an experimental drug developer dedicated to the discovery and development of novel pharmaceutical compounds to treat serious medical conditions and the development of future drug candidates through its novel LAT (Ligand Activated Therapy) technology.

KemPharm’s proprietary LAT technology enables companies to develop prodrug versions of FDA-approved drugs as well as to develop prodrug versions of already-existing compounds that could potentially treat new disease indications.

Today, KemPharm announced that the FDA has approved AZSTARYS, which is an anti-attention deficit drug for the treatment of attention deficit hyperactivity disorder (ADHD) in patients aged six and older through a single daily dose.

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