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U.S. FDA declines to approve Avenue’s non-opioid painkiller again, shares drop

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Reuters

(Reuters) – Avenue Therapeutics Inc said on Monday the U.S. Food and Drug Administration had once again declined to approve its non-opioid painkiller tramadol, sending its shares about 5% lower in premarket trading. The FDA has been pushing drugmakers to develop alternatives to opioid-based painkillers, as the United States grapples with the menace of opioid addiction. The health regulator had previously declined to approve the painkiller in October, stating that it was not safe for the intended population. The agency said the delayed and the unpredictable onset of analgesia – relief from pain…

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