Applied Therapeutics Stock Moves Higher On FDA Fast Track Review For AT-007 In Rare Metabolic Disorder

  • The FDA has granted Fast Track designation to Applied Therapeutics Inc's APLT AT-007 to treat Galactosemia, a rare metabolic disease.
  • AT-007 is the Company's central nervous system-penetrant Aldose Reductase inhibitor in development for multiple rare metabolic disorders.
  • Clinical programs with Fast Track designation may benefit from early and frequent communication with the FDA throughout the regulatory review process.
  • Applied Therapeutics plans to submit a marketing application for Accelerated Approval in Q3 of 2021.
  • The FDA has previously granted Orphan Drug Designation and Pediatric Rare Disease status to AT-007 for Galactosemia.
  • Price Action: APLT shares are up 4.62% at $24 during the premarket session on the last check Thursday.
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Posted In: BiotechNewsHealth CareSmall CapFDAGeneralBriefsFDA Fast TrackGalactosemia
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