BUZZ-Tarsus falls after short seller flags concerns over eye drug
Tarsus Pharmaceuticals, Inc. TARS | 0.00 |
** Shares of drugmaker Tarsus Pharmaceuticals TARS.O fall 7.2% to $58.39
** Short seller Culper Research says it is short TARS, alleging growth of its eye drug Xdemvy has relied on patient-assistance practices that raise regulatory concerns
** Xdemvy is TARS’ only commercial product and is used to treat demodex blepharitis, an eyelid condition linked to mites
** Culper also questions TARS’ market-size estimates for XDEMVY, saying the drug’s addressable market is far smaller than the company claims
** Report says Xdemvy revenue could peak below $800 mln, compared with TARS' stated path to more than $2 bln in sales potential
** Including session's move, TARS down 28.1% YTD
