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Pharmaust Limited ( (AU:NUZ) ) has issued an announcement.
Neurizon Therapeutics Limited announced a delay in the FDA’s review timeline for its lead investigational therapy, NUZ-001, intended for ALS treatment. The delay is attributed to broader FDA capacity issues due to agency restructuring and staffing reductions, affecting the timely review of clinical holds. Despite the setback, Neurizon remains committed to advancing NUZ-001 and is actively engaging with key opinion leaders and advocacy groups to expedite the review process, emphasizing the urgent need for ALS treatments.
The most recent analyst rating on (AU:NUZ) stock is a Buy with a A$0.42 price target. To see the full list of analyst forecasts on Pharmaust Limited stock, see the AU:NUZ Stock Forecast page.
More about Pharmaust Limited
Neurizon Therapeutics Limited is a clinical-stage biotechnology company focused on developing treatments for neurodegenerative diseases. The company is advancing its lead drug candidate, NUZ-001, for the treatment of amyotrophic lateral sclerosis (ALS), with a strategy to accelerate access to effective ALS treatments and explore broader neurodegenerative applications.
Average Trading Volume: 345,988
Technical Sentiment Signal: Buy
Current Market Cap: A$78.77M
For an in-depth examination of NUZ stock, go to TipRanks’ Overview page.