Shares of Cidara Therapeutics are up 20% or 14c per share to 82c on Monday in late day trading after the company said in a release that the United Kingdom Medicines and Healthcare products Regulatory Agency or MHRA has approved REZZAYO rezafungin acetate for the treatment of invasive candidiasis in adults…Cidara Therapeutics has partnered with Mundipharma, which has commercial rights to rezafungin outside the U.S. and Japan. The company is entitled to receive a $2.8M milestone payment from Mundipharma for the MHRA approval.
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