By Robb M. Stewart

 

Eupraxia Pharmaceuticals said Tuesday the U.S. Food and Drug Administration has granted fast-track designation for the investigation of the company's lead product candidate, EP-104IAR, in the treatment of adults with osteoarthritis of the knee.

The clinical-stage biotechnology company said it continues to advance its ongoing Phase 2 trial evaluating EP-104IAR's safety and efficacy as a treatment candidate for knee osteoarthritis and expects to report top-line data results in the second quarter of this year.

The FDA's fast-track process is designed to help the development and speed the review of drugs that treat serious conditions and fill an unmet medical need.

In late May, Eupraxia said it reached the last patient to visit in its Phase 2 clinical trial of EP-104IAR for osteoarthritis, milestone toward the completion of the study.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

June 13, 2023 07:28 ET (11:28 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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