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4:47 PM
Feb 20, 2008
 |  BC Extra  |  Company News

Vernalis up on restructuring plans, settlement

Vernalis (LSE:VER) gained 1.03p (14%) to 8.35p on Wednesday after announcing plans to restructure and settle a $56 million loan with Endo (NASDAQ:ENDP). Vernalis said it made the moves due to a September FDA not approvable letter for an sNDA for Frova frovatriptan tablets for the short-term prevention of menstrual migraine. Approval of the sNDA would have triggered a $40 million milestone payment to...

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