ARS Pharmaceuticals stock collapsed Thursday after CVS Caremark declined to add its epinephrine spray to its formulary.

SPRY stock drops after ARS says no new neffy coverage decisions in July formulary cycle.

ARS Pharmaceuticals stock collapsed Thursday after CVS Caremark declined to add its epinephrine spray to its formulary.

ARS Pharma reaffirmed its 2027 breakeven target, cut expenses and gained Florida Medicaid access for Neffy despite coverage setbacks.