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Athenex (ATNX) Granted FDA Allowance of Investigational New Drug Application for PT01 (Pegtomarginase)

June 24, 2019 7:07 AM EDT

Athenex, Inc. (NASDAQ: ATNX) today announced that the U.S. Food and Drug Administration (FDA) has allowed the Companys Investigational New Drug (IND) application for the clinical investigation of PT01 (Pegtomarginase) for the treatment of patients with advanced malignancies. The allowance is contingent upon formal submission of agreed upon updates to the IND. Pegtomarginase is a biologic product candidate in Athenexs pipeline that is designed to provide a metabolic approach to the treatment of cancer through arginine deprivation therapy.

Pegtomarginase is a PEGylated genetically modified human arginase that targets cancer... More