What Caused Amneal Pharmaceuticals (AMRX) To Rise 4% After-Hours On Friday? – Here Is An Explanation

Shares of fully integrated pharmaceutical company Amneal Pharmaceuticals Inc (AMRX) raised +3.9% on Friday after ring of the bell. The new came on the heels of news about the company receiving an Abbreviated New Drug Application (ANDA) approval from the U.S. Food and Drug Administration (FDA).

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

What actually happened?

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The Bridgewater, NJ.-based AMRX manufactures, distributes, and develops generic and specialty pharmaceutical products. It works together to deliver high-quality medicines to patients primarily within the United States and also through activities in Asia, the European Union, and North America. Amneal has an extensive portfolio of 250 or more product families, and it continues expanding its product universe to cover a broad range of therapeutic areas, including biosimilars, in a variety of dosage forms. Also within the Company’s Specialty segment focused primarily on central nervous system and endocrine disorders, the Specialty segment markets a portfolio of branded pharmaceuticals as well.

Read More

Amneal on Friday announced that it had received FDA approval for a hybrid transdermal treatment containing 150mcg/day Norelgestromin and 35mcg/day Ethinyl Estradiol.

  • Amneal has been awarded 180 days of exclusivity by the FDA concurrent with its approval as a Competitive Generic Therapy (CGT).
  • There is a generic version of the reference listed drug (RLD) Ortho Evra in Amneal’s Norelgestromin and Ethinyl Estradiol Transdermal System.
  • The product will be marketed as a 12.5 cm2 patch with a proprietary name called Zafemy.
  • The product will be recommended to Women whose BMI is 30 kg/m2 or below and who are advised to use a combined hormonal contraceptive to avoid pregnancy.
  • Females weighing more than 198 pounds (90 kg) may have less success preventing pregnancy with Zafemy.
  • The company expects to start commercializing the product on March 1, 2021.

    Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Finally,

A leading healthcare data and analytics provider, IQVIA, calculates that the U.S. sales for all Xulane products were $332 million in the twelve months ended December 2020. Mylan’s Xulane is currently the only option available on the market, but Zafemy is the most complete alternative for the same which indicates growth opportunity for the newly launched product at an impressively high rate.

Related posts