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Stock impact report

TP-03 (lotilaner ophthalmic solution) 0.25% Now Approved in China for the Treatment of Demodex Blepharitis, Triggering a $15M Milestone Payment to Tarsus [Yahoo! Finance]

Tarsus Pharmaceuticals, Inc. (TARS) 
Company Research Source: Yahoo! Finance
that a $15 million milestone payment due Tarsus has been achieved following regulatory approval of TP-03 (lotilaner ophthalmic solution) 0.25%, marketed as XDEMVY® in the U.S., by the National Medical Products Administration (NMPA) of the People's Republic of China. The approval was obtained by Grand Pharmaceutical Group Limited (“Grand Pharma”), Tarsus' exclusive partner for the development and commercialization of TP-03 for the treatment of Demodex blepharitis in the Greater China region, which includes the People's Republic of China, Hong Kong, Macau and Taiwan. “TP-03 is once again the first and only therapy approved to address the root cause of Demodex blepharitis — marking a meaningful advance for the more than 40 million people in the region affected by this disease,” said Bobak Azamian, M.D., Ph.D., Chief Executive Officer and Chairman of Tarsus. “This approval underscores our commitment to bringing this much-needed treatment to patients worldwide, and we look forward to s Show less Read more
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