Benzinga | Mar 3, 2021 05:05AM EST

KemPharm Shares Trade Higher After FDA Approval For Azstarys In ADHD

* The FDA has approved KemPharm Inc's (NASDAQ: KMPH) market application for Azstarys (formerly referred to as KP415), a once-daily product for the treatment of attention deficit hyperactivity disorder (ADHD) in patients age six years and older.

* ADHD is a neurobehavioral disorder of childhood that makes it difficult for a person to pay attention and control impulsive behaviors.

* AZSTARYS consists of serdexmethylphenidate, KemPharm's prodrug of d-methylphenidate (d-MPH), co-formulated with immediate-release d-MPH.

* Azstarys will be commercially available in the U.S. as early as the second half of 2021.

* Price Action: KMPH shares soared 78.7% at $16.85 in premarket trading on the last check Wednesday.