FX.co ★ Amylyx To Discontinue Marketing Authorizations For RELYVRIO/ALBRIOZA - Quick Facts

Amylyx Pharmaceuticals, Inc. has announced the start of a process with the FDA and Health Canada to voluntarily discontinue the marketing authorizations for their product, RELYVRIO/ALBRIOZA, and remove it from the market in the U.S. and Canada. This decision is based on the topline results from the Phase 3 PHOENIX trial of AMX0035 for the treatment of Amyotrophic lateral sclerosis.

In addition to this, the company also announced a major restructuring plan. This includes reducing the workforce by approximately 70%, and decreasing external financial commitments that fall outside of the company's priority areas. With these changes, Amylyx expects that their cash runway will reach into 2026.

For more health news like this, visit rttnews.com.