QRxPharma shares plummet 80%

Pharmaceutical group shares plunge after US FDA declines to approve its Moxduo product.

Shares in QRxPharma (QRX) have plummeted 80% in early trade after the Food and Drug Administration in the US failed to approve its pain drug, Moxduo.

At 11.20am (AEDT) QRxPharma shares were 79.29% lower at 14.5 cents, against a benchmark index lift of 0.67%. In earlier trade, QRxPharma shares hit as low as 10.5 cents.

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