Revive reported positive results from a pre-clinical study with tianeptine for the treatment of Rett syndrome, a rare neurodevelopmental disorder.
In the United States about 16,000 people are affected by Rett, almost all are woman and children. Because the syndrome affects less than 200,00 people, it is classified as a rare disease by the National Institutes of Health.
In light of the new information, CEO Fabio Chianelli said the company will weigh its options.
“On the basis of these results and the potential neurological benefits REV-003 may have on patients with Rett syndrome, Revive is evaluating the next steps in the clinical development program, including a potential human clinical study,” he said.
Today’s news follows on the company’s late April’s request for a pre-investigational New Drug meeting with the FDA for its gout drug candidate, REV-002.
At press time, shares of Revive Therapeutics were even at $0.50.
Disclaimer: Revive Therapeutics is an annual sponsor of Cantech Letter.
At Cantech Letter we prize independent journalism like you do. And we don't care for paywalls and popups and all that noise That's why we need your support. If you value getting your daily information from the experts, won't you help us? No donation is too small.
Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.
Ahead of the company's first quarter results, Beacon analyst Russell Stanley thinks Ascend Wellness (Ascend Wellness Stock Quote, Chart, News,… [Read More]
Following the company's fourth quarter results, Paradigm Capital analyst Daniel Rosenberg has cut his price target on Snipp Interactive (Snipp… [Read More]
Following the company's first quarter results, Roth MKM analyst Chip Moore remains neutral on Generac Holdings (Generac Holdings Stock Quote,… [Read More]