Evoke Shares Skyrocket On New FDA Market Exclusivity For Gimoti Nasal Spray

  • The FDA has granted new drug product exclusivity to Evoke Pharma Inc's EVOK Gimoti (metoclopramide) nasal spray to relieve symptoms associated with acute and recurrent diabetic gastroparesis in adults.
  • Evoke now has exclusive marketing rights over three (3) years from the original date of approval under the Hatch-Waxman Act to protect the product from generic drug competition. 
  • In addition to the market exclusivity, Evoke maintains a robust patent estate, with currently two Orange book-listed patents that expire in 2029 and 2030.
  • The Company has also been granted gender-specific patents in the EU, Japan, and Mexico until 2032. 
  • Furthermore, if approved, Evoke has other pending patent applications with individual expiration dates of 2032, 2037, and 2038.
  • Price Action: EVOK shares are up 159.2% at $1.02 during the premarket session on the last check Tuesday.
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