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Benzinga
Benzinga
Technology
Ragothaman Srinivasan

ALX Oncology Shares Soar As FDA Grants Orphan Drug Status To Blood Cancer Candidate

FDA Oncology Cancer Leukemia

The U.S. Food and Drug Administration (FDA) has granted orphan drug designation to ALX Oncology Holdings’ (NASDAQ:ALXO) Evorpacept for the treatment of patients with acute myeloid leukemia (AML).

Evorpacept in combination with venetoclax and azacitidine is being evaluated in the Phase 1/2 ASPEN-05 study in patients with previously untreated AML who are not candidates for intensive induction therapy or with relapsed/refractory AML.

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