Recro Pharma’s intravenous painkiller succeeds in trial, shares soar

From Reuters:

Recro Pharma Inc said an intravenous version of its lead painkiller was successful in the first of two pivotal late-stage trials, sending the company’s shares surging 50 percent in trading after the bell.

The drug, Meloxicam, was being evaluated to treat acute pain in patients after a bunionectomy surgery, which involves removing or realigning soft tissue and bones in the joint of the big toe.

Meloxicam is a non-opioid drug, a class of drugs that do not have the side effects associated with commonly prescribed opioid drugs. These effects include addiction, constipation and respiratory distress.

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