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Seelos Therapeutics earns patent approval for its neuromuscular disease drug

SLS-005 treats Friedreich Ataxia, a hereditary nervous system disease

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The New York-based company is focused on developing treatments for central nervous system and other rare disorders

Seelos Therapeutics Inc (NASDAQ:SEEL), a clinical stage biopharmaceutical company, has earned approval on its patent application for its drug, SLS-005.

The US Patent and Trademark Office issued a Notice of Allowance for the drug, which treats the hereditary neuromuscular disease Friedreich Ataxia.

The disease affects the nervous system, causing balance issues, spinal deformities and cardiovascular difficulty. It affects about one in 50,000 people worldwide.

READ: Seelos Therapeutics added to the Russell Microcap Index

SLS-005 already has orphan indication from the Food and Drug Administration for Spinocerebellar Ataxia, a related degenerative nervous system disease, and the company is developing the drug as a treatment for Sanfilippo syndrome.

Seelos Therapeutics is a New York-based company focused on developing treatments for central nervous system and other rare disorders. Its shares increased 0.5% Tuesday afternoon to $2.16.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: Seelos Therapeutics

Price: 0.9705 USD

NASDAQ:SEEL
Market: NASDAQ
Market Cap: $26.15 m
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