QUOTE AND NEWS
TheStreet.com  Sep 26  Comment 
NEW YORK (TheStreet) -- Shares ofaAcelRx Pharmaceuticalsa plunged to a 52-week low of $5.27 on Friday after the company announced a delay in resubmitting itsaexperimental pain management treatment device Zalviso for FDA approval. The Redwood...
Benzinga  Sep 26  Comment 
Pulse Electronics (NYSE: PULS) shares dipped 23.57% to $1.73 after the company announced an initiative to reduce costs through voluntary NYSE delisting and SEC deregistration. AcelRx Pharmaceuticals (NASDAQ: ACRX) shares tumbled 17.86% to $5.52...
StreetInsider.com  Sep 26  Comment 
Janus Capital (NYSE: JNS ) 40% HIGHER; Bill Gross is leaving PIMCO to join the firm. AcelRx Pharmaceuticals, Inc. (Nasdaq: ACRX ) 16% LOWER; today provided an
StreetInsider.com  Sep 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/AcelRx+Pharma+%28ACRX%29+to+Resubmit+Zalviso+NDA+in+Q1+of+2015/9863015.html for the full story.
SeekingAlpha  Sep 12  Comment 
By Jason Orestes: It's rare a biotech receives a CRL (Complete Response Letter, a polite way of the FDA rejecting your drug) and becomes more compelling. But after an over 40% haircut post-announcement, that's exactly what has occurred for AcelRx...
SeekingAlpha  Aug 12  Comment 
AcelRx Pharmaceuticals Inc. (NASDAQ:ACRX) Q2 2014 Earnings Conference Call August 11, 2014 4:30 PM ET Executives Tim Morris – CFO Richard King – President, CEO and Acting Chief Commercial Officer Pam Palmer – Chief Medical...
StreetInsider.com  Jul 28  Comment 
AcelRx Pharmaceuticals, Inc. (Nasdaq: ACRX) 40.4% LOWER; AcelRx Pharma announced that the U.S. Food and Drug Administration (FDA) has issued a Complete Response Letter (CRL) for the Company's new drug application (NDA) for Zalviso™ (sufentanil...
TheStreet.com  Jul 28  Comment 
NEW YORK (TheStreet) -- AcelRx Pharmaceuticals  plummeted Monday after the FDA rejected the company's painkiller dispensing device Zalviso. AcelRx announced the news late Friday that the FDA did not grant approval to the device. The FDA has...
Benzinga  Jul 28  Comment 
Shares of AcelRx Pharmaceuticals (NASDAQ: ACRX) are selling off sharply monday morning after a blow from the FDA to Zalviso. AcelRx made the announcement at an unusual time: 9:59 p.m. ET Friday. The FDA is looking for more information on...
Benzinga  Jul 28  Comment 
Analysts at Sterne Agee downgraded DSW (NYSE: DSW) from Neutral to Underperform. The target price for DSW is set to $23. DSW's shares closed at $27.16 on Friday. BMO Capital downgraded Pfizer (NYSE: PFE) from Outperform to Market Perform. The...




 
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AcelRx (NASDAQ:ACRX) is a pharmaceutical company which develops and sells treatments for acute and breakthrough pain. In particular, the product would help with post-operative pain. AcelRx has completed Phase 2 and is preparing to conduct two Phase 3 clinical trials for its lead product.[1]

Acute and breakthrough pain associated with the post-operation period is often treated with intravenous (IV) opioid injections. These tend to have negative side effects due to the usage of morphine. In addition, there can be delivery and programming errors from the complex infusion pumps used to provide the patients with the opioid. AcelRx's lead candidate involves a patient administered dosage sublingual, or below the tongue. AcelRx also uses Sufentanil rather than morphine.[2]

The company's initial public offering of stock on the NASDAQ occurred on February 10, 2011. The company offered 8M shares each for $5. The company originally planned to sell 5.8M shares within the range of $12-$14. This would have made the deal worth $75.4M, but the drop in price brought the total deal to $40M even after the rise in shares sold. The lead underwriter of the deal was Piper Jaffray Companies (PJC). Canaccord Capital (BER:C6U), Cowen Group (COWN), and JMP Group (JMP) acted as comanagers.[3]

Because AcelRx does not have a commercially viable yet, the company is still in the pre-revenue stage. As a result, the company has incurred high Research & Development expenses without making money. For the first 9 months of 2010, AcelRx's net loss was $10.8M, 58% of which was from research and development expenses. [4]

References

  1. ACRX S-1/A 2011 PROSPECTUS SUMMARY "Overview" pg1
  2. ACRX S-1/A 2011 PROSPECTUS SUMMARY "Sufentanil NanoTabs" pg1-2
  3. Renaissance Capital - IPO Home "AcelRx prices IPO at $5, below the original $12-$14 range" 11 Feb 2011
  4. ACRX S-1/A 2011 PROSPECTUS SUMMARY "Summary Financial Data" pg10
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