Applied Therapeutics stock surges after FDA update

19 September 2024

Applied Therapeutics (Nasdaq: APLT) saw its stock price climb by over two-thirds after an encouraging update on the US Food and Drug Administration review of govorestat.

The FDA confirmed that an Advisory Committee meeting, previously scheduled for October, will no longer be necessary.

The agency is continuing its Priority Review of the candidate, which is being developed to treat the rare genetic disease Classic Galactosemia. A final decision on the drug’s approval is expected by 28 November.

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