ARS Pharmaceuticals (SPRY) Appoints Donn Casale As The New CEO

ARS Pharmaceuticals Inc. (NASDAQ:SPRY) is one of the 10 best stocks under $10 that could triple.

On July 8, ARS Pharmaceuticals Inc. (NASDAQ:SPRY) disclosed a CEO transition, and effective July 6, the company’s Co-founder and Chief Executive Officer, Richard Lowenthal, will no longer be employed by the company. Donn Casale, the company’s current President, has been appointed as the new CEO and Director, who will take charge from July 7 onwards.

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The company shared that Casale has over 25 years of experience, covering the biopharma segment and commercial leadership roles. He has prior experience working as the Chief Commercial Officer with Dynavax Technologies, where he played a pivotal role in scaling up the annual revenues for hepatitis B cure, HEPLISAV-B(R), to more than $300 million. He helped the vaccine achieve more than 50% market share across the U.S. market prior to the acquisition of the company by Sanofi for $2.2 billion.

Back on June 24, ARS Pharmaceuticals Inc. (NASDAQ:SPRY) shared an update on the payer access for neffy, which is an epinephrine nasal spray. Based on the latest feedback, no new coverage decisions or commercial formulary inclusions have been released for neffy during the July 1 cycle.

ARS Pharma plans to continue collaborating with the rest of the payers and stated that neffy remains widely available to commercially insured individuals via direct coverage and a recently added retail cash option.

ARS Pharmaceuticals Inc. (NASDAQ:SPRY) is a biopharmaceutical company that is creating and selling medications meant for serious allergic reactions. The company has developed a product, neffy, which allows for the administration of epinephrine attacks without using needles to treat allergic reactions such as anaphylaxis.

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