BioCentury
ARTICLE | Clinical News

Clementia jumps on NDA plans for unmet rare bone disease

October 26, 2018 7:52 PM UTC

Clementia Pharmaceuticals Inc. (NASDAQ:CMTA) climbed $4.16 (40%) to $14.50 on Oct. 24 after announcing regulatory plans for palovarotene that could put the therapy first in line to gain FDA approval for fibrodysplasia ossificans progressiva (FOP). Clementia announced the news after market close Oct. 23.

FOP is a rare, monogenic disease characterized by injury-induced or spontaneous heterotopic ossifications, or bone formation, outside of the normal skeleton in muscles, tendons or soft tissue...