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Larimar Therapeutics, Inc. - $LRMR STOCK NEWS

Welcome to our dedicated page for Larimar Therapeutics news (Ticker: $LRMR), a resource for investors and traders seeking the latest updates and insights on Larimar Therapeutics stock.

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Rhea-AI Summary

Larimar Therapeutics announced that the FDA has selected its therapy, nomlabofusp, for the START pilot program. This program aims to accelerate the development of treatments for rare diseases. Nomlabofusp is a novel protein replacement therapy targeting the root cause of Friedreich’s ataxia (FA) by delivering frataxin to mitochondria.

The selection was based on the therapy's potential for clinical benefit and its development readiness. The START program facilitates enhanced communication with the FDA, which can speed up pivotal study initiation and the path to a Biologics License Application (BLA), currently targeted for the second half of 2025. Interim data from an ongoing open-label extension study is expected in Q4 2024.

Larimar's participation in START could improve development efficiency through more frequent interactions with the FDA, ensuring high-quality, reliable data to support future applications.

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Rhea-AI Summary

Larimar Therapeutics (Nasdaq: LRMR) announced that the FDA has removed the partial clinical hold on their nomlabofusp (CTI-1601) program, aimed at treating Friedreich’s Ataxia (FA). This decision followed the review of data from a recently completed Phase 2 dose exploration study, which included 25 mg and 50 mg cohorts. The study showed that nomlabofusp was well-tolerated and demonstrated dose-dependent increases in frataxin levels. Larimar plans to escalate the dose to 50 mg in the ongoing open-label extension (OLE) study. Interim data from this study is expected in Q4 2024, with a Biologics License Application (BLA) submission targeted for the second half of 2025.

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Larimar Therapeutics reported positive Phase 2 data for nomlabofusp in treating Friedreich's ataxia, with dose-dependent increases in frataxin levels. BLA submission expected in 2025, with FDA discussions ongoing. A financing round raised $161.8 million, extending cash runway to 2026. First patient dosed in OLE study with interim data due in Q4 2024.

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Rhea-AI Summary
Larimar Therapeutics reports positive Phase 2 data for nomlabofusp in treating Friedreich's ataxia. The company raised $161.6 million in recent financing, extending its operating runway. Discussions with the FDA on accelerated approval for nomlabofusp are ongoing, with a BLA submission targeted for 2H 2025.
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Larimar Therapeutics initiates an open label extension study for nomlabofusp in patients with Friedreich's ataxia, aiming to assess long-term safety and tissue frataxin levels. The company plans to use data from this study to support a potential BLA submission for accelerated approval by H2 2025, with initial data expected in Q4 2024.
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Larimar Therapeutics, Inc. announced its participation in the Leerink Partners Global Biopharma Conference to present and engage in investor meetings. The company's management team will be present on March 13, 2024, at 10 AM ET. A webcast link is provided for those interested, and a replay will be accessible on Larimar's website for 30 days post-presentation.
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Larimar Therapeutics, Inc. successfully closed a public offering of 19,736,842 shares of common stock, raising approximately $172.5 million. The proceeds will support the development of nomlabofusp (CTI-1601) and other pipeline candidates, as well as general corporate purposes.
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Larimar Therapeutics, Inc. announces the pricing of its public offering, generating approximately $150.0 million. The company is focused on developing treatments for rare diseases.
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Larimar Therapeutics, Inc. initiates a public offering of common stock and pre-funded warrants to support the development of pipeline candidates and for general corporate purposes.
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Larimar Therapeutics, Inc. announces positive Phase 2 data for nomlabofusp in Friedreich’s ataxia patients. The drug showed dose-dependent increases in frataxin levels in skin and buccal cells, with generally well-tolerated subcutaneous injections. The company plans an Open Label Extension study and aims for accelerated FDA approval by 2025.
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Larimar Therapeutics, Inc.

Nasdaq:LRMR

LRMR Rankings

LRMR Stock Data

510.42M
32.55M
1.34%
83.55%
5%
Pharmaceutical Preparation Manufacturing
Manufacturing
Link
United States of America
BALA CYNWYD

About LRMR

larimar therapeutics, inc. (nasdaq:lrmr), is a clinical-stage biotechnology company focused on developing treatments for complex rare diseases. the company’s lead compound, cti-1601, is currently being evaluated in a phase 1 clinical program as a potential treatment for friedreich’s ataxia, a rare and progressive genetic disease. larimar also plans to use its intracellular delivery platform to design other fusion proteins to target additional rare diseases characterized by deficiencies in intracellular bioactive compounds. for more information, please visit: https://larimartx.com.