Wedbush Downgrades Raptor Pharmaceuticals (RPTP) to Neutral
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Raptor Pharmaceutical (RPTP) Receives FDA Approval for Procysbi
April 30, 2013 12:25 PM EDTRaptor Pharmaceutical (NASDAQ: RPTP) is moving higher mid-day after the FDA approved Procysbi for the management of nephropathic cystinosis in children and adults.
From the FDA:
The U.S. Food and Drug Administration today approved Procysbi (cysteamine bitartrate) for the management of nephropathic cystinosis in children and adults. Procysbi was granted orphan product designation because it is intended to treat a rare disease or condition.
Cystinosis is a rare genetic condition that affects an estimated 500 patients in the United States and about 3,000 patients worldwide. Fatal if not treated in... More
