PYC Therapeutics Limited (AU:PYC) has released an update.
PYC Therapeutics has announced that the FDA has awarded its PYC-001 drug program, aimed at treating a rare pediatric blinding eye disease, the Rare Pediatric Disease designation. As a result, the company may be eligible for a Priority Review Voucher upon the drug’s approval, potentially expediting future product reviews. The designation underlines the significant unmet need for a treatment, as no current options exist for Autosomal Dominant Optic Atrophy, which affects about 1 in 35,000 people.
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