APTORUM GROUP LIMITED

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Aptorum Group 30% Higher Premarket After FDA Orphan Drug Designation

01/20/2022 | 08:56am EDT

By Michael Dabaie


Aptorum Group Ltd. shares rose 30%, to $1.59, premarket after the clinical-stage biopharmaceutical company said the U.S. Food and Drug Administration granted orphan drug designation to SACT-1.

The designation is for the treatment of patients with neuroblastoma. Neuroblastoma is one of the most prevailing solid tumor cancers in children, representing 8% to 10% of all childhood tumors, the company said.

Aptorum Group plans to file an investigational new drug application to begin a phase 1b/2a clinical trial for SACT-1 to test the drug in neuroblastoma patients in 2022.


Write to Michael Dabaie at michael.dabaie@wsj.com


(END) Dow Jones Newswires

01-20-22 0856ET

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Financials (USD)
Sales 2022 1,50 M - -
Net income 2022 -35,5 M - -
Net Debt 2022 - - -
P/E ratio 2022 -1,05x
Yield 2022 -
Capitalization 37,5 M 37,5 M -
Capi. / Sales 2022 25,0x
Capi. / Sales 2023 19,7x
Nbr of Employees 26
Free-Float 25,4%
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Number of Analysts 1
Last Close Price 1,05 $
Average target price 15,00 $
Spread / Average Target 1 329%
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Managers and Directors
Ian Huen Director
Darren Lui President & Executive Director
Sabrina Khan Chief Financial Officer
Clark Cheng Executive Director & Chief Medical Officer
Wai-Yip Lee Head-Research & Development
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