By Denny Jacob
Sellas Life Sciences shares ticked up 7.6% to $1 following a fast track designation granted to SLS009 by the Food and Drug Administration.
The stock is down 57% this year, and hit a 52-week low last week
The late-stage clinical biopharmaceutical company's SLS009 is a CDK9 inhibitor for the treatment of relapsed/refractory peripheral T-cell lymphomas, a group of aggressive and rare non-Hodgkin lymphomas.
Sellas said it's also pursuing potential breakthrough therapy designation from the FDA for SLS009 to treat relapsed/refractory peripheral T-cell lymphomas. It has a scheduled meeting with the regulator in the fourth quarter.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
10-30-23 1207ET