Alterity Therapeutics (ASX:ATH) received fast-track designation from the US Food and Drug Administration for ATH434 for the potential treatment of multiple system atrophy, according to a Monday filing with the Australian bourse.
Multiple system atrophy is a progressive neurodegenerative disorder affecting both the central and autonomic nervous systems.
This designation aims to expedite the development and review of new investigational products, the filing said.
Shares were up 11% in morning trade on Monday.
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