Avanir (AVNR) More Than Doubles On NUEDEXTA Approval

November 1, 2010 8:53 AM EDT Send to a Friend
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Shares of Avanir Pharmaceuticals (Nasdaq: AVNR) are trading up 114 percent to $5.18 in pre-open action Monday following FDA approval for NUEDEXTA as the first treatment for pseudobulbar affect.

pseudobulbar affect, or PBA, occurs secondary to a number of unrelated neurological condition, and is characterized by involuntary, sudden, and frequent episodes of laughing and/or crying.

Avanir expects NUEDEXTA to become available by prescription during the first quarter of 2011.


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