2021-01-19 07:10:27 MGEN Miragen Therapeutics
Viridian Therapeutics
01/19/21 01/1907:10 01/19/2107:10 | Miragen Therapeutics changes name to Viridian TherapeuticsmiRagen Therapeutics announced its name change to Viridian Therapeutics. Beginning tomorrow, Viridian will trade on NASDAQ under the ticker symbol "VRDN" and its common stock will trade under a new CUSIP number, 92790C104. Viridian is developing multiple product candidates to treat patients who suffer from thyroid eye disease, a debilitating orphan disease that can cause bulging eyes, or proptosis, as well as double vision and potential blindness. TED significantly impacts quality of life, imposing a high physical and mental burden on patients. There is currently one Food and Drug Administration-approved treatment for TED, an intravenously administered monoclonal antibody that targets the insulin-like growth factor-1 receptor. Viridian's most advanced product candidate is VRDN-001, an intravenously administered anti-IGF-1R monoclonal antibody which, the Company expects to proceed directly to a phase 2 trial, pending feedback from the FDA. In October, the Company obtained exclusive worldwide rights from ImmunoGen, Inc. to develop and commercialize VRDN-001 for all non-oncology indications that do not use radiopharmaceuticals, including the treatment of TED. VRDN-002 is the Company's second-generation product candidate, incorporating half-life extension technology, and is intended for subcutaneous administration. Viridian holds exclusive rights to develop and commercialize antibody therapeutics targeting IGF-1R using the Xtend half-life extension technology developed and owned by Xencor, Inc. In the second half of 2021, Viridian expects to file Investigational New Drug applications for both VRDN-001 and VRDN-002. Miragen Therapeutics
Viridian Therapeutics
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