Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,256.40 -38.07 -0.25%
S&P 500 1,641.80 -8.71 -0.53%
Nasdaq 3,446.41 -13.01 -0.38%
Ticker Volume Price Price Delta
STOXX 50 2,763.89 -12.89 -0.46%
FTSE 100 6,653.92 -42.87 -0.64%
DAX 8,309.98 -42.00 -0.50%
Ticker Volume Price Price Delta
Nikkei 14,612.50 +128.47 0.89%
Hang Seng 22,618.70 -51.01 -0.23%
S&P/ASX 200 4,983.50 -78.95 -1.56%

NuPathe Wins U.S. FDA Approval for Migraine Skin Patch

NuPathe Inc. (PATH), a maker of neurological and psychiatric medicines, won U.S. approval to sell the first skin patch to treat migraines.

The Food and Drug Administration cleared the treatment, called Zecuity, which delivers sumatriptan, the most-prescribed migraine headache medication, through a mild electrical current, Conshohocken, Pennsylvania-based NuPathe said yesterday in a statement.

“We anticipate the product will be available for sale in the fourth quarter of this year,” Armando Anido, NuPathe’s chief executive officer, said in an interview. “We’re right now in conversations with a number of people for partnership in the United States.”

In August 2011, the FDA decided against approving the therapy, saying that while it was effective, the regulatory body had questions about the patch’s safety, Anido said. The company has since redesigned it.

“It was actually related to some signals around skin reactions,” he said. “The company went through extensive work to make adjustments to the patch in order to make it safe and make sure these reactions never happen again.”

A migraine is a neurological disorder that affects about 31 million adults in the U.S., Anido said. In addition to headache pain, patients suffer from nausea and vomiting.

NuPathe fell less than 1 percent to $3.30 at the close of trading in New York. The shares have increased 53 percent in the past 12 months.

Anido declined to say how much the patch would cost, though he indicated it would be comparable to the $95 that a similar medication costs as an injection.

To contact the reporter on this story: Ryan Flinn in San Francisco at rflinn@bloomberg.net

To contact the editor responsible for this story: Reg Gale at rgale5@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Personal Finance Best Sellers From Amazon

Key Rates

  • Mortgage
  • Home Equity
  • Savings
  • Auto
  • Credit Cards
Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 4.03% 3.94%
30 Year Fixed 3.77% 3.47%
15 Year Fixed 2.88% 2.71%
10 Year Fixed 2.98% 3.00%
30 Year Fixed Refi 3.76% 3.46%
15 Year Fixed Refi 2.88% 2.68%
5/1 ARM 2.66% 2.61%
5/1 ARM Refi 2.64% 2.56%
View rates in your area »

Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.34% 5.24%
$50K HELOC 4.56% 4.53%
$75K HELOC 4.57% 4.53%
$100K HELOC 4.27% 4.21%
$30K Home Equity Loan 5.95% 6.06%
$50K Home Equity Loan 5.97% 6.02%
$75K Home Equity Loan 5.94% 5.99%
$100K Home Equity Loan 5.80% 5.84%
View rates in your area »

Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.24% 1.21%
2 Year CD 0.70% 0.66%
1 Year CD 0.57% 0.52%
MMA $10K+ 0.47% 0.50%
MMA $50K+ 0.69% 0.70%
MMA Savings Jumbo 0.58% 0.60%
View rates in your area »

Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.97% 3.19%
48 Months Used Car 2.92% 3.13%
36 Months Used Car 2.88% 2.96%
72 Months New Car 2.45% 2.96%
60 Months New Car 2.54% 2.67%
48 Months New Car 2.45% 2.58%
60 Months Auto Refi 4.15% 4.36%
36 Months Auto Refi 3.60% 3.76%
View rates in your area »

Source: Bankrate.com

Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.53% 15.57%
Platinum Fixed 12.70% 12.70%
View rates in your area »

Source: Bankrate.com