Botanix Pharmaceuticals (ASX:BOT) said US payer organization Ascent Health will cover its Sofdra-branded sofpironium topical gel, 12.45%, for the treatment of primary axillary hyperhidrosis, or excessive sweating, according to a Thursday filing with the Australian bourse.
Ascent Health is the second largest payer in the US covering 65 million people, the filing said. The company is advancing reimbursement coverage deals with other payers.
Botanix Pharmaceuticals' shares rose past 6% in recent Thursday trade.
Price (AUD): $0.34, Change: $+0.02, Percent Change: +6.25%
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