Heron's stock rises after FDA approval of surgical medicine

Referenced Symbols

Shares of Heron Therapeutics Inc. HRTX, -4.02% gained 3.0% in trading on Thursday after the company said the Food and Drug Administration had approved its non-opioid anesthetic for use in some surgical patients. The drug, Zynrelef, is expected to become available to hospitals in July. Heron's stock is down 16.2% for the year, while the S&P 500 SPX, +1.05% is up 8.1%.

Read Next

Read Next

Barron's: Get Ready for $178 Billion of Selling Ahead of the Capital-Gains Tax Hike. These Are the Stocks Most at Risk.

The last time capital-gains taxes were hiked, in 2013, the wealthiest households sold 1% of their equity assets, a Goldman analyst found.

More On MarketWatch

About the Author