rare disease
FDA ad comm favors Zevra's Niemann-Pick drug
An FDA advisory committee voted 11-5 in favor of arimoclomol, a small molecule drug made by Zevra Therapeutics to treat Niemann-Pick disease type C — a rare, inherited lysosomal storage disorder that causes organ and nervous system degeneration. Regulators will decide whether or not to approve arimoclomol by Sept 21.
The FDA rejected arimoclomol in 2021 and asked Orphazyme — which owned right to the drug at the time — to submit additional data. Now owned by Zevra, the drug is meant to stabilize lysosomal protein folding within cells — which can help prevent the buildup of cholesterol and other lipids that end up causing severe damage in this degenerative disease.
Shares for Zevra jumped more than 40% in after-market trading Friday following the panel vote.
HEALTH TECH
Board foils CEO's plan to privatize 23andMe
23andMe CEO Anne Wojcicki's efforts to take the company private were rejected by the company's board, for now.
In a public letter, a special committee of the board said Wojcicki's proposal didn't offer a premium to the current stock price, and didn't have committed financing from other investors. It also asked Wojcicki to withdraw her opposition to alternative transactions so that it could potentially draw interest from other buyers. That said, the committee is allowing Wojcicki time to revise her proposal and find solid investors, STAT's Matt Herper writes.
Read more.
No comments