ElancoAnimal Health Incorporated(NYSE:ELAN) stock is tumbling as the company released updates to the expected FDA approval timelines for Zenrelia and Credelio Quattro.
Zenrelia is a JAK Inhibitor that controls pruritus and atopic dermatitis in dogs.
For Zenrelia, the FDA confirmed that all major technical sections (Effectiveness, Safety and Chemistry, Manufacturing, and Controls (CMC)) are complete as of late June.
For the minor technical section for labeling, earlier this week, the company aligned with the FDA on the language and expects to receive the completion letter by mid-July.
The 60-day final administrative review will follow, placing expected...
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