Cidara Therapeutics’ (Nasdaq: CDTX) shares closed up 11.6% at $0.76 yesterday, when it announced that it has entered into a license agreement with Melinta Therapeutics under which Cidara has granted Melinta an exclusive license to commercialize rezafungin in the USA.
At the same time Cidara revealed that it has submitted a New Drug Application (NDA) to the US Food and Drug Administration (FDA) for rezafungin for the treatment of candidemia and invasive candidiasis.
Rezafungin is a novel, once-weekly echinocandin antifungal being developed for the treatment of candidemia and invasive candidiasis, as well as for the prophylaxis of invasive fungal infections in patients undergoing allogeneic blood and marrow transplantation.
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