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hinly traded nano cap Avenue Therapeutics (NASDAQ:ATXI) is up 16% premarket on light volume in reaction to a successful second Phase 3 clinical trial evaluating IV tramadol for the treatment of postoperative pain following abdominoplasty (tummy tuck) surgery.
The trial met the primary and all key secondary endpoints, demonstrating comparable efficacy to IV morphine.
The company plans to file its U.S. marketing application in Q4.
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