Amylyx Pharmaceuticals Completes Negotiation Process And Signs Letter Of Intent With The pCPA For ALBRIOZA For The Treatment Of ALS
Portfolio Pulse from Benzinga Newsdesk
Amylyx Pharmaceuticals (NASDAQ: AMLX) has signed a Letter of Intent (LOI) with the pan-Canadian Pharmaceutical Alliance (pCPA) for the reimbursement of ALBRIOZA, a treatment for amyotrophic lateral sclerosis (ALS). The company will now work with federal, provincial, and territorial drug plans to ensure public coverage for eligible Canadians with ALS.
June 15, 2023 | 1:15 pm
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Amylyx Pharmaceuticals signed an LOI with pCPA for the reimbursement of ALBRIOZA, a treatment for ALS, and will work to ensure public coverage for eligible Canadians.
The LOI with pCPA is a significant milestone for Amylyx Pharmaceuticals, as it brings the company closer to securing public coverage for ALBRIOZA in Canada. This development is likely to have a positive short-term impact on AMLX's stock price, as it demonstrates progress in expanding the drug's accessibility and potential market.
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