CytRx Expects To File FDA Response In 4Q

LOS ANGELES (AP) ¿ Biotechnology company CytRx Corp. said Tuesday it expects to respond to a Food and Drug Administration request for more information on a potential Lou Gehrig's disease treatment during the fourth quarter.

In January, the FDA suspended a midstage study of the experimental drug arimoclomol citing the need for additional analysis. CyRtx said it will send its revised trial design to the FDA during the fourth quarter. If it is accepted, the company will be able to restart midstage development on the drug, potentially during the same quarter.

Lou Gehrig's disease, a progressive condition that affects nerve cells in the brain and spinal cord, currently has no cure or treatment that halts or reverses the condition.

Shares of CytRx rose 4 cents to close Tuesday's regular session at $1.01. The stock has traded between 23 cents and $1.72 over the last 52 weeks.

(This version edits 2nd graf to clarify that CytRx is not submitting additional trial data to the FDA, but rather an amended study protocol.)

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Food & Drink

Will Kraft Heinz Buy Pepsico or Mondelez?

Will Kraft Heinz Buy Pepsico or Mondelez?

Discount Retailers May Take Hit With Fewer Americans on Food Stamps

Discount Retailers May Take Hit With Fewer Americans on Food Stamps

Kellogg Issues Recall of Honey Smacks Cereal Amid Salmonella Outbreak

Kellogg Issues Recall of Honey Smacks Cereal Amid Salmonella Outbreak

Subway Rolling Back Breakfast Offerings

Subway Rolling Back Breakfast Offerings

Got Milk? Walmart Starts Production at its Own Dairy Plant

Got Milk? Walmart Starts Production at its Own Dairy Plant