BOT
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Botannix Pharmaceuticals’ (ASX:BOT) resubmission of the NDA for Sofdra has been accepted by the FDA as a complete response
  • The FDA confirmed the resubmission was a Class 2 response, meaning it will undergo a six-month review in the hope that approval can be granted in late June 2024
  • Botannix has begun to ramp up its commercial launch preparation activities
  • BOT shares are up 1.43 per cent, trading at 17.8 cents at 12:04 pm AEDT

Botannix Pharmaceuticals’ (ASX:BOT) resubmission of the new drug application (NDA) for Sofdra has been accepted by the FDA as a complete response.

The resubmission focused on the instructions for use, with no other efficacy, safety, pharmacology, non-clinical or chemistry, or other manufacturing and control (CMC) issues identified.

The FDA confirmed the resubmission was a Class 2 response, meaning it will undergo a six-month review in the hope that approval can be granted in late June 2024.

“We are pleased that FDA has confirmed that the resubmission of the Sofdra NDA is acceptable as a complete response and that the anticipated approval date in late June 2024 remains on target,” Botanix CEO Dr Howie McKibbon said.

“This clarity means that our commercialisation activities in preparation for launch can be appropriately designed to ensure a rapid launch of Sofdra, following successful approval from FDA.”

Botannix has begun to ramp up its commercial launch preparation activities, which include testing telemedicine and supply chain elements, as it focuses on engaging US payers around contracting and product pricing.

BOT shares were up 1.43 per cent, trading at 17.8 cents at 12:04 pm AEDT.

BOT by the numbers
More From The Market Online
The Market Online Video

Market Update: ASX dips 0.2% with energy in focus in Perth

It’s been a busy day at the Australian Energy Producers conference in Perth, where the morning’s guest speakers included resources minister Madeleine King
The Market Online Video

Altech taps investors for $3.7M as EU lithium plans evolve into shape

Altech Batteries (ASX:ATC) announced on Tuesday its successful share purchase plan, raising $3.7M to progress its…
The Market Online Video

Market Open: Direction shift despite Nasdaq record lift

The ASX200’s set to change direction this morning, dropping down about a quarter of a per…

The High Fiving ASX oil and gas stock star champions are…

The top five ASX oil and gas companies over the past five years were Pancontinental, Melbana,…