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Shares of Titan Pharmaceuticals Inc. rocketed more than 42% in morning trading on Jan. 13 a day after the FDA's Psychopharmacologic Drugs Advisory Committee voted 12-5 to back the approval of Probuphine, a matchstick-size subdermal implant intended to deliver buprenorphine to treat opioid dependence, which the company has been developing with privately held Braeburn Pharmaceuticals Inc.
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