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Benzinga
Benzinga
Technology
Ragothaman Srinivasan

Eledon Pharmaceuticals' Stock Gains As FDA Grants Orphan Drug Designation

FDA Eledon Pharmaceuticals

Eledon Pharmaceuticals (NASDAQ:ELDN) received Orphan Drug Designation from the U.S. Food and Drug Administration (FDA) for its drug candidate Tegoprubart for the Prevention of Allograft Rejection in Pancreatic Islet Cell Transplantation.

Tegoprubart is an anti-CD40L antibody with high affinity for CD40 Ligand, a well-validated biological target with broad therapeutic potential.

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