The FDA's Oncologic Drugs Advisory Committee (ODAC) on 6 November voted 8-3 to back approval of Rockwell Medical's Triferic (ferric pyrophosphate) as a treatment for iron loss, declaring the company's efficacy and safety results supported the product's benefit over its risk.
Shares of Rockwell shot up 37.2%, or a gain of $3.47, in after-hours trading on 6 November.
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