Nyrada Renames Lead Drug Candidate; Shares Down 4%

MT Newswires Live

2025/05/23

Nyrada (ASX:NYR) renamed its lead drug candidate targeting neuroprotection and cardioprotection to Xolatryp, according to a Friday filing with the Australian bourse.

A trademark application for the name has been filed, the filing said.

The drug candidate was previously referred to as NYR-BI03, according to the filing.

Shares were down 4% in midday trade Friday.

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