NeurogesX (NGSX) Higher On FDA Approval of Qutenza

November 17, 2009 8:59 AM EST

After the close, NeurogesX, Inc. (Nasdaq: NGSX) announced today that the FDA has approved Qutenza 8% patch, the first and only product containing prescription strength capsaicin, for the management of neuropathic pain due to postherpetic neuralgia (PHN), the nerve pain which can follow shingles.

This is the first product from NeurogesX to be approved by the FDA.

Qutenza works by targeting certain pain nerves in the area of skin where pain is being experienced.

Shares of NeurogesX are up 9 percent to $8.99 before the market opens.


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