Seelos Therapeutics (NASDAQ:SEEL) received European orphan drug designation for SLS-005 in amyotrophic lateral sclerosis (ALS) from the European Medicines Agency Committee for Orphan Medicinal Products.
Under orphan designation in the EU, Seelos stands to benefit from several incentives, such as protocol assistance, reduced regulatory fees and market exclusivity. European guidelines for orphan drug designation are for diseases affecting not more than five-in-10,000 people in the EU.
In November, SLS-005 was granted orphan drug designation from the FDA for ALS. SLS-005 was previously granted orphan drug designation from the FDA and EMA for spinocerebellar ataxia Type 3, Sanfilippo syndrome and oculopharyngeal muscular dystrophy (OPMD). SLS-005 also has been granted fast track designation from the FDA for OPMD.
