InflaRx Shares Rise Premarket as Vilobelimab Gets Key FDA Designation
July 06 2022 - 8:15AM
Dow Jones News
By Colin Kellaher
Shares of InflaRx NNV jumped nearly 15% in premarket trading
Wednesday after the U.S. Food and Drug Administration granted
fast-track designation to its lead program vilobelimab for the
treatment of ulcerative pyoderma gangrenosum, a rare inflammatory
skin condition.
The Jena, Germany, clinical-stage biopharmaceutical company said
it had requested the designation based on positive data from its
Phase 2a open-label dose-escalation study.
The FDA's fast-track program is designed to facilitate the
development and expedite the review of treatments for serious or
potentially life-threatening illnesses with high unmet medical
needs.
InflaRx previously received orphan-drug designation in the U.S.
and Europe for vilobelimab in ulcerative pyoderma gangrenosum,
which causes large, painful sores to develop on the skin, most
often on the legs.
InflaRx shares, which closed Tuesday at $1.42, were recently up
14.8% to $1.63 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 06, 2022 08:00 ET (12:00 GMT)
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