Moleculin Biotech Says EMA Grants Orphan Drug Designation To Annamycin To Treat AML

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Moleculin Biotech Says EMA Grants Orphan Drug Designation To Annamycin To Treat AML

(RTTNews) - Pharmaceutical company Moleculin Biotech, Inc. (MBRX) announced Thursday that the European Medicines Agency (EMA) has granted Orphan Drug Designation to Annamycin for the treatment of Acute Myeloid Leukemia (AML).

Annamycin is the Company's next-generation anthracycline that has been designed to be non-cardiotoxic (unlike currently prescribed anthracyclines) and has shown to be non-cardiotoxic in the 82 subjects treated in multiple studies in the U.S. and in Europe.

Annamycin is currently in development for the treatment for AML and STS lung mets, and the Company believes the drug may have the potential to treat additional indications.

Annamycin currently has Fast Track Status and Orphan Drug Designation from the U.S. Food and Drug Administration for the treatment of relapsed or refractory AML, in addition to Orphan Drug Designation for the treatment of STS lung mets.

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European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer and producer prices and public sector finance from the UK are the major economic reports due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices and public sector finance data. Economists forecast inflation to ease to 2.1 percent in April from 3.2 percent in March. Output price inflation is expected to double to 1.2 percent.
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NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

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Japanese Market Significantly Lower

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Australian Market Modestly Higher

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Australian shares are trading modestly higher on Wednesday, recouping some of the losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 7,800 level, following the broadly positive cues from Wall Street overnight, with gains in miners and financial stocks partially offset by weakness in technology stocks.
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