Pharvaris (Nasdaq: PHVS), a Switzerland-based clinical-stage company developing novel, oral bradykinin-B2-receptor antagonists to treat and prevent hereditary angioedema (HAE) attacks, today announced that the US Food and Drug Administration (FDA) verbally informed Pharvaris that, based on its review of non-clinical data, the agency is placing a clinical hold on the clinical trials of PHA121 in the USA under two Pharvaris Investigational New Drug (IND) applications for the treatment of HAE.
The news sent Pharmvaris’ shares tumbling 34% to $12.14 by close of trading yesterday.
The FDA indicated it will provide a formal clinical hold letter to Pharvaris in approximately 30 days. The company plans to provide additional updates following interactions with the FDA.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze