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Chelsea skyrockets 147% after FDA panel backs Northera

 
• By Donna Young

After a daylong detailed discussion on 14 January, the verdict from the FDA's Cardiovascular and Renal Drugs Advisory Committee (CRDAC) for Chelsea Therapeutics' investigational drug Northera (droxidopa) was as it was two years ago: Approve the drug.

After a daylong detailed discussion on 14 January, the verdict from the FDA's Cardiovascular and Renal Drugs Advisory Committee (CRDAC) for Chelsea Therapeutics' investigational drug Northera (droxidopa) was as it was two years ago: Approve the drug.

The 16-1 vote had investors clamoring for Chelsea's shares, which skyrocketed 147% in after-hours trading on 14 January – a...

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