EMA tags PhaseRx's lead product candidate an Orphan Drug for rare enzyme deficiency disorder; shares ahead 13% [Seeking Alpha]
PHASERX (PZRX)
US:NASDAQ Investor Relations:
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Company Research
Source: Seeking Alpha
Thinly traded nano cap PhaseRx ( PZRX ) is up on a 34x surge in volume in response to the news that the European Medicines Agency has designated lead product candidate PRX-OTC an Orphan Drug for the treatment of ornithine transcarbamylase deficiency, a rare inherited disorder that causes ammonia to accumulate in the blood. IND-stage PRX-OTC is a therapeutic designed to deliver the mRNA encoding the missing enzyme into liver cells. Among the benefits of Orphan Drug status in the EU is a 10-year period of market exclusivity for the indication, if approved. Now read: NeuroDerm (NDRM) Investor Presentation - Slideshow »
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