Allena's Stock Surges On FDA Fast Track Tag For Chronic Kidney Disease Candidate

by Vandana Singh, Benzinga Editor
November 3, 2021 11:47 AM | 1 min read |
  • The FDA has granted Fast Track designation to Allena Pharmaceuticals Inc's ALNA ALLN-346 for hyperuricemia in gout patients with advanced chronic kidney disease (CKD).
  • Hyperuricemia is an elevated uric acid level in the blood.
  • Allena plans to report initial data from the ongoing Phase 2a program in late 2021 or early 2022. 
  • Initial data from the Phase 2a program will potentially assist the company in determining the optimal dosing paradigm and target population for later-stage clinical trials.
  • ALLN-346 is a non-absorbed, orally-administered enzyme.
  • Related content: Benzinga's Full FDA Calendar.
  • Price Action: ALNA shares are up 21% at $1.04 during the market session on the last check Wednesday.
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