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QURE — uniQure News Story

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UniQure tumbles after FDA says brain disorder therapy data insufficient, seeks new trial

Updates

** U.S.-listed shares of Dutch firm UniQure UQ1.F, QURE.O fall 37.2% to $9.8

** UniQure says the U.S. health regulator informed the company that data from an early- to mid-stage trial of its gene therapy for a brain disorder would not support a marketing application for the treatment

** Co is developing a gene therapy, AMT-130, for Huntington's disease, a rare condition that affects motor function; the therapy is delivered directly to the brain by inserting a micro-catheter

** Co says received final minutes from a meeting held on January 30, in which the FDA concluded results from the studies - when compared to an external control - cannot serve as primary evidence of effectiveness required for approval

** "Path forward for AMT-130 remains murky to say the least" - Guggenheim Securities

     ** The FDA recommended uniQure to run a new study that randomly assigns patients to get either the gene therapy or a sham surgery

** Including session's moves, stock down 61.7% YTD

(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))

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