Ascendis Pharma's Rare Dwarfism Candidate Shows Promise In Trial, FDA Submission Expected Next Year
Portfolio Pulse from Vandana Singh
Ascendis Pharma's investigational drug TransCon CNP shows promising results in a trial for treating achondroplasia, a form of dwarfism. The drug demonstrated superior growth velocity in children compared to placebo and showed a good safety profile. Ascendis plans to submit an FDA application in early 2025.
September 16, 2024 | 4:18 pm
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Ascendis Pharma's TransCon CNP demonstrated superior growth velocity in children with achondroplasia in a trial, with plans for FDA submission in early 2025. The stock rose 17.4% following the news.
The positive trial results for TransCon CNP, a key drug candidate for Ascendis Pharma, significantly boost investor confidence, as evidenced by the 17.4% stock price increase. The planned FDA submission in 2025 further supports potential future growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100