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Niagen rises after U.S., EU rare disease designations for drug candidate

BUZZ-Niagen rises after U.S., EU rare disease designations for drug candidate

** Shares of biotech firm Niagen Bioscience NAGE.O rise 2.6% to $3.47 premarket

** Co says its experimental drug, NB4168, received rare disease designations in the U.S. and Europe for ataxia-telangiectasia, a rare inherited disorder that affects movement, weakens the immune system and raises cancer risk

** Says the designations provide regulatory incentives to support development of treatments for rare diseases and strengthen plans to advance NB4168 globally

** Co says there are currently no approved treatments for the disease

** NAGE says the drug is in preclinical development and plans to seek FDA clearance to begin human studies

** As of last close, NAGE was down 46.7% YTD


(Reporting by Kunal Das in Bengaluru)

((Kunal.Das2@thomsonreuters.com;))

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