Shares of Mallinckrodt Pharmaceuticals gained as much as 5.1%, or $2.95, on 17 January on the news the FDA had approved the firm's topical nonsteroidal anti-inflammatory drug Pennsaid (diclofenac sodium topical solution) 2% as a treatment for pain of osteoarthritis of the knee.
Pennsaid is supplied as a metered-dose pump bottle, which ensures the accurate amount of 20mg diclofenac is delivered per pump.
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