Benzinga | May 17, 2021 09:32AM EDT

Adamis Pharma Stock Gains On Resubmission Of Zimhi US Application For Opioid Overdose

* Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) has resubmitted a marketing application to the FDA for Zimhi, a naloxone injection product candidate intended to treat opioid overdose.

* "Based on FDA feedback received during our Type A meeting in April, we have resubmitted our NDA for ZIMHI, which I am confident fully addresses the issues raised in the Complete Response Letter," said President and CEO Dr. Dennis J. Carlo.

* In November last year, the company received a CRL. The FDA questions were generally related to new Chemistry, Manufacturing, and Controls issues.

* Price Action: ADMP shares are trading 4.02% higher at $0.74 on the last check Monday.