By Dean Seal

 

Avidity Biosciences has gotten orphan drug designation from regulators for its investigational therapy for the treatment of Duchenne muscular dystrophy.

The biopharmaceutical company said the U.S. Food and Drug Administration granted the designation to AOC 1044, which is being developed to treat Duchenne muscular dystrophy in people with mutations amenable to exon 44 skipping.

Orphan-drug designation is a special status given to drugs that show promise for potentially treating rare, or orphan, diseases that have fewer than 200,000 cases a year in the U.S.

Shares ticked up 1.8% to $8.93 in premarket trading.

 

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

August 15, 2023 09:26 ET (13:26 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Avidity Biosciences (NASDAQ:RNA)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos Avidity Biosciences.
Avidity Biosciences (NASDAQ:RNA)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos Avidity Biosciences.