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RARE Ultragenyx Pharmaceutical Inc

42.75
-0.45 (-1.04%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ultragenyx Pharmaceutical Inc NASDAQ:RARE NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.45 -1.04% 42.75 41.00 46.89 46.005 42.675 44.88 1,143,019 01:00:00

Ultragenyx Gets FDA, EC Orphan Designation for UX053 in Metabolic Disease

27/07/2021 1:45pm

Dow Jones News


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By Colin Kellaher

 

Ultragenyx Pharmaceutical Inc. on Tuesday said the U.S. Food and Drug Administration and the European Commission granted orphan-drug designation to UX053 for the treatment of glycogen storage disease type III.

The Novato, Calif., biopharmaceutical company said there are currently no approved treatment options for the rare metabolic disease that results in glycogen accumulation in the liver and muscle and affects more than 10,000 patients in the developed world.

The FDA's orphan-drug program gives special status to drugs and biologics for diseases and disorders that affect fewer than 200,000 people in the U.S. and provides for an extended marketing exclusivity period against competition.

Ultragenyx said it expects to begin enrollment in a Phase 1/2 clinical trial evaluating the safety, tolerability, and efficacy of UX053 in adults in the second half of 2021.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

July 27, 2021 08:34 ET (12:34 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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