University of Western Australia life sciences spin-out iCeutica has its lead drug approved by the FDA.

The US-based Food and Drug Administration has approved Zorvolex, an anti-inflammatory drug to treat acute pain developed by University of Western Australia (UWA) spin-out iCeutica.  The life sciences firm, which was acquired by investors linked to US partner Iroko Pharmaceuticals in 2011, has been developing the drug based on submicron-sized particles since it was founded…

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