Depomed Surges 37% on FDA Approval

Shares of Depomed Inc. (DEPO) spiked 37% early Monday after the company announced U.S. regulatory approval of its pain medication Gralise. The drugmaker said the U.S. Food and Drug Administration approved Gralise, a once – daily treatment for pain following healing of the rash associated with shingles, triggering a milestone payment of $48 million from [...]