Catalyst Pharmaceuticals, Inc. (CPRX) in Coral Gables, Fla., is a lesser-known commercial-stage biopharmaceutical company that is focused on in-licensing, developing, and commercializing medicines for patients living with rare diseases. On January 10, it announced that the 11th Circuit Court of Appeals denied Jacobus Pharmaceutical Company Inc.'s petition for rehearing the 11th Circuit's prior ruling to overturn the U.S. Food and Drug Administration (FDA) approval of Ruzurgi, representing a favorable decision for it.
The stock has gained 76.8% in price over the past year and 2.6% over the past three months to close the last trading session at $6.24.
