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Ultragenyx Wins FDA Nod For GENGLYCOS In Glycogen Storage Disease Type Ia; Stock Up

Healthcare & BiotechRegulation & LegislationCompany Fundamentals

Ultragenyx Pharmaceutical (RARE) said the U.S. FDA granted accelerated approval for GENGLYCOS (DTX401) for glycogen storage disease type Ia in patients aged 8+ (adult and pediatric). The expedited approval is a material regulatory milestone that can expand near-term addressable demand and improve the stock’s outlook on expected future sales and approvals.

Analysis

Ultragenyx Pharmaceutical (RARE) said the U.S. FDA granted accelerated approval for GENGLYCOS (DTX401) for glycogen storage disease type Ia in patients aged 8+ (adult and pediatric). The expedited approval is a material regulatory milestone that can expand near-term addressable demand and improve the stock’s outlook on expected future sales and approvals.

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