BUZZ-Viridian jumps as thyroid eye disease drug meets late-stage study goal

Reuters

2024/12/16

** Drug developer Viridian Therapeutics' shares rise 32.4% to $23.64 premarket ** Company says its drug, veligrotug, helped to significantly relieve symptoms when tested in patients with chronic thyroid eye disease (TED) during a late-stage trial

** TED causes inflammation and damage to the tissues around the eye and is estimated to affect between 90 and 300 per 100,000 people in the U.S.

** Company plans to submit a marketing application for U.S. approval in the second half of 2025

** As of last close, stock down 18% YTD

(Reporting by Christy Santhosh) ((Christy.Santhosh@thomsonreuters.com))

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