What's Going On With Scienture Stock Thursday?

Scienture Holdings, Inc. (NASDAQ:SCNX) stock is trading higher on Thursday after the company partnered with Kindeva to launch REZENOPY.

What To Know: Under the agreement, Kindeva will manufacture and supply the REZENOPY nasal spray, an opioid overdose treatment. Scienture will own the new drug application and handle sales, marketing and distribution in the U.S.

REZENOPY received approval from the Food and Drug Administration on April 19. It is the highest-strength version of naloxone HCl available on the market.

“This collaboration is not just about expanding our portfolio; it’s about making a real difference in the fight against opioid addiction,” added Shankar Hariharan, Ph.D., CEO of Scienture. “By working alongside public health agencies and community organizations, we will drive meaningful change and save lives.”

See Also: $1000 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

SCNX Price Action: At the time of writing, Scienture stock is trading 28.7% higher at $2.84, according to data from Benzinga Pro.

Image: via Shutterstock