Intravenous Tramadol CRL Casts Shadow On Avenue’s Cipla Deal

Avenue’s two-stage deal with an arm of Cipla faces uncertainty following a US Complete Response Letter for its intravenous tramadol. The US firm says it is "very surprised" with the potential safety concern raised and plans to seek a meeting with the agency at the earliest to resolve the issue.

PS1806_Clouds Obscuring Sun_1055974544_1200.jpg
Avenue Under Strain After CRL for IV Tramadol • Source: Shutterstock

Avenue Therapeutics Inc. has received a Complete Response Letter from the US Food and Drug Administration for intravenous tramadol, potentially putting at risk the future of its share purchase transaction with InvaGen Pharmaceuticals Inc., a subsidiary of Indian company Cipla Limited.

InvaGen in 2018 snapped up an initial 33.3% stake in the New York-headquartered Avenue, but the closing of the second...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from New Products

More from Scrip