Source: Adobe Stock
The Market Online - At The Bell

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

Clinical dermatology company, Botanix Pharmaceuticals (ASX:BOT) has submitted the last label materials to the US Food & Drug Administration (FDA) for the approval of Sofdra™ a pending prescription treatment for excessive underarm sweating.

Botanix, which is based in Phoenix and Philadelphia, described the label discussion phase as the final step for Botanix before the anticipated FDA approval of Sofdra and said this involved discussions on product carton design and wording of information that is provided  to patients and physicians about the product.

Botanix said FDA-approval for Sofdra remains on target for 21 June, 2024 and success would represent the approval of a chemical entity for excessive underarm sweating, known as primary axillary hyperhidrosis.

Botanix Chief Executive Officer, Howie McKibbon, commented: “Our team has been highly focused  on completing these last label components, well in advance of approval.”

“Our label and packaging materials are an important part of the materials that we will use to communicate important safety and efficacy information upon approval of Sofdra.”

BOT was trading flat at 27.5 cents.

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

ASX Market Close: Banks lead Index to finish the week on a high | September 6, 2024

The bank stocks rallied leading the index higher, but Energy and mining stocks slumped in the…
IPO concept

Is the ASX getting its groove back? Here’s 5 IPOs in September to watch

After another slow year for IPOs on the ASX, September is looking like it could be…
Money is tight concept 2

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

At the start of this week we saw NVIDIA – as a proxy for the AI…
The Market Online Video

ASX Market Update: CBA breaks record as banks lead Index higher | September 6, 2024

Bank stocks have surged and dragged the market higher with the big 4 all outperforming and…