Orphan Status for Veralox Thrombocytopenia Drug
FDA has granted Veralox Therapeutics an orphan drug designation for VLX-1005 for treating heparin-induced thrombocytopenia (HIT). VLX-1005 is described as a first-in-class and selective small molecule inhibitor 12-Lipoxygenase, a key target within the arachidonic acid pathway. “Preclinical data has demonstrated that VLX-1005 halts immune driven platelet activation and thrombosis thus offering the potential of a lifesaving treatment for patients with HIT,” the company says.