price down icon0.21%   -0.06
after-market  After Hours:  29.10 

Why is Supernus Pharmaceuticals Inc (SUPN) Stock down?

We've noticed a 5.40% decline in Supernus Pharmaceuticals Inc (SUPN) stock during the 2024-05-10 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
08 Apr, 2024:

Supernus Pharmaceuticals Inc (SUPN) stock dropped by 6.23% due to the U.S. Food and Drug Administration (FDA) declining to approve Supernus' drug-device combination for treating movement-related symptoms of Parkinson's disease. The rejection caused the company's shares to fall in today trading.

  • FDA's Decision and Reasons for Rejection: This is the second time that the FDA has refused to approve the product, which delivers medication through a pump-based treatment. The FDA identified two areas requiring further review and stated that Supernus' application was not ready for approval in its current form. In its previous rejection in 2022, the FDA cited the need for more information related to labeling, product quality, manufacturing, device performance, and risk analysis. However, it did not request additional efficacy and safety studies.
  • Supernus' Response and Future Plans: Supernus Pharmaceuticals plans to address the FDA's concerns and intends to resubmit its application for the product. The drug-device combination aims to treat "off episodes" experienced by nearly all Parkinson's patients, which worsen symptoms such as tremors and difficulty walking as medication wears off. The device delivers the drug continuously under the skin, a method different from traditional injections used to control symptoms.
25 Mar, 2024:

Supernus Phamarceuticals (SUPN) stock plummeted by 5.13% due to insider trading activity involving Bhatt Padmanabh P., the company's Senior Vice President of Intellectual Property and Chief Scientific Officer. According to a recent SEC filing, Padmanabh engaged in both the acquisition and disposal of company shares on March 21, 2024.

  • Details of Insider Transactions: Padmanabh sold 14,491 shares of common stock at a weighted average price ranging between $35.30 and $35.43, totaling approximately $511,677. These sales were part of a pre-arranged 10b5-1 trading plan, which allows insiders to execute trades based on predetermined criteria. Simultaneously, Padmanabh acquired the same number of shares through the exercise of employee stock options at $25.30 per share, totaling $366,622. Following these transactions, Padmanabh's direct ownership in the company decreased to 8,570 shares of common stock.
  • Market Reaction and Investor Insights: Investors often closely monitor insider transactions as they can provide insights into executives' views on the company's stock value and future performance. While such transactions are common and can be influenced by various factors, including personal financial planning, they can also impact investor sentiment and stock performance.
price down icon 2.30%
price up icon 1.24%
price up icon 0.22%
drug_manufacturers_specialty_generic RDY
price down icon 1.50%
price down icon 0.36%
price up icon 0.27%
Cap:     |  Volume (24h):