Salarius Pharmaceuticals stock soars premarket after FDA lifts partial clinical hold on trial of treatment for rare form of cancer that starts in childhood

Salarius Pharmaceuticals Inc.'s stock (SLRX) soared 33% in premarket trade Tuesday after the company said the U.S. Food and Drug Administration has lifted a partial clinical hold on a trial of a treatment for Ewing sarcoma, a rare and deadly form of cancer that occurs in bones or the soft tissue around bones. The treatment called seclidemstat, was being reviewed in a Phase 1/2 trial and had previously been granted Fast Track Designation, Orphan Drug Designation and Rare Pediatric Disease Designation. Ewing sarcoma typically occurs in children and young adults. "The FDA's decision to remove the clinical hold puts us back on track to engage in dialogue with the FDA on various topics relating to further clinical development of seclidemstat and possible registration pathways.," said David Arthur, CEO of Salarius. The Phase 1 dose-escalation portion of the trial is designed to evaluate up to six dose levels of seclidemstat. The maximum tolerated dose, which will inform the Phase 2 portion of the trial, had not yet been reached when the hold was imposed.

-Ciara Linnane

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05-09-23 0818ET

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