Sensorion shares shoot up on FDA designation news
Shares in Sensorion (EPA: ALSEN), a French biotech that specializes in the development of novel therapies to restore, treat and prevent hearing loss disorders, were trading 17% higher on Monday afternoon.
This followed the firm’s announcement that the US Food and Drug Administration (FDA) has granted Rare Pediatric Disease designation to Sensorion’s lead therapy gene candidate, OTOF-GT.
"Another key piece in the puzzle that helps advance Sensorion towards clinical development in OTOF-GT in 2023"
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