Protalix BioTherapeutics and Chiesi Global Rare Diseases said Friday that Elfabrio, an enzyme replacement therapy to treat Fabry disease, has received a positive opinion from the Committee for Medicinal Products for Human Use of the European Medicines Agency.
Protalix will be eligible to receive a regulatory milestone payment of $25 million if the treatment is approved by the European Commission, the companies said.
Protalix shares were more than 7% higher in recent trading.
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