Acer Therapeutics Stock Jumps As UCD Candidate Is Under FDA Review
Author: Vandana Singh | October 06, 2021 07:21am
The FDA has accepted for reviewAcer Therapeutics Inc (NASDAQ:ACER) and its partner, Relief Therapeutics Holding SA's (OTC:RLFTF) marketing application for ACER-001 (sodium phenylbutyrate) for Urea Cycle Disorders (UCDs).
The FDA has assigned a Prescription Drug User Fee Act (PDUFA) target action date of June 5, 2022.
Acer's 505(b)(2) application is supported by results from two bioequivalence trials in which ACER-001 showed similar relative bioavailability for both phenylbutyrate (PBA) and phenylacetate (PAA), the active metabolite of sodium phenylbutyrate, compared to the reference listed drug, Buphenyl (sodium phenylbutyrate).