Neuren Pharmaceuticals (ASX:NEU) - CEO, Jon Pilcher
CEO, Jon Pilcher
Source: Neuren Pharmaceuticals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Neuren Pharmaceuticals (NEU) is granted orphan drug designation to treat neurodevelopmental disorder, Prader-Willi syndrome
  • Neuren previously returned positive results from a trial using a mouse model of Prader-Willi syndrome, which saw a normalisation in fat mass, insulin levels and behavioural deficits after six weeks of treatment
  • The designation follows the company’s previous grants for PhelanMcDermid, Angelman and Pitt Hopkins syndromes
  • Neuren Pharmaceuticals was up 12 per cent, trading at $2.52 at 2:00 pm AEST

Neuren Pharmaceuticals (NEU) has been granted orphan drug designation to treat Prader-Willi syndrome.

Orphan Drug Designation is a status that grants a drug to treat a rare disease or condition. It also qualifies the drug to be sponsored for seven years of marketing exclusivity.

The US Food and Drug Administration (FDA) granted the designation to Neuren’s NNZ-2591 for treating Prader-Willi, a neurodevelopmental disorder.

Infants with the disease have low muscle tone and suffer from feeding difficulties, and later develop a range of intellectual and learning disabilities, growth hormone deficiency, sleep disturbances and speech difficulties, along with constant hunger and difficulty controlling emotions.

Neuren previously returned positive results from a trial using a mouse model of Prader-Willi syndrome, which saw treatment for six weeks normalise fat mass, insulin levels and all behavioural deficits.

Neuren CEO Jon Pilcher says the company is excited by strong pre-clincial efficacy of the treatment.

“We are now delighted to receive Orphan Drug designation from the FDA following review of our rationale and data,” said Jon Pilcher.

“This underpins the commercial opportunity and follows Orphan Drug designation already granted for PhelanMcDermid, Angelman and Pitt Hopkins syndromes.”

Neuren Pharmaceuticals was up 12 per cent, trading at $2.52 at 2:00 pm AEST.

neu by the numbers
More From The Market Online

LTR Pharma’s SPONTAN investigation in pulmonary arterial hypertension approved

LTR Pharma has received approval for an investigator-initiated clinical study evaluating SPONTAN in patients with newly…

Pro Medicus signs $43M, seven-year contract with Virtua Health in US

Pro Medicus' wholly-owned US subsidiary, Visage Imaging, has signed a seven-year, $43 million contract with Virtua…

Recce welcomes positive phase 3 clinical trial data for topical gel for diabetic foot ulcer infections

Recce Pharmaceuticals has reported a review of blinded data of its current phase 3 trial has…
Blood sample blood test blood concept

Newest ASX listee Identifai Genetics up +20% on IPO day eyeing prenatal screening disruption in the USA

The newest company to hit the ASX, Identifai Genetics (ASX:ID1), has seen its shares jump +20% on some...