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Palvella Announces FDA Priority Review for Qtorin Rapamycin Application

The application seeks U.S. approval for the topical candidate, and Palvella shares traded higher Wednesday.

An unmarked topical medicine tube beside a sealed document sleeve / TokenPost.ai
An unmarked topical medicine tube beside a sealed document sleeve / TokenPost.ai

Palvella Therapeutics, Inc. announced Wednesday that the U.S. Food and Drug Administration granted priority review to its new drug application for Qtorin rapamycin, a topical product candidate seeking U.S. approval.

Qtorin rapamycin is Palvella’s lead product candidate. Shares of Palvella (NASDAQ: PVLA) traded higher Wednesday.

Riza Dagoc

Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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