regulatory
confidence high
sentiment negative
materiality 0.90
FDA issues Complete Response Letter for etripamil PSVT NDA; no clinical issues raised
Milestone Pharmaceuticals Inc.
- CRL focuses on CMC: additional nitrosamine impurity data and facility inspection required.
- No clinical safety or efficacy concerns cited by FDA for CARDAMYST (etripamil) nasal spray.
- Company plans to request a Type A meeting with FDA to discuss resubmission path.
- Cash, cash equivalents and short-term investments of $69.7M as of Dec 31, 2024.
- CEO expresses disappointment but remains committed to the program.