FDA Grants Orphan Drug Designation to Synlogic for SYNB1934 for Treatment of Phenylketonuria

May 9, 2023

(24/7 MARKET NEWS) – Synlogic, Inc. (NASDAQ:SYBX) announced, this morning, that the U.S. Food and Drug Administration (FDA) granted orphan drug designation (ODD) to SYNB1934 for the treatment of phenylketonuria (PKU).

Synlogic is trading at $0.67, up $0.11 (+19.23%), 13.44K premarket shares traded.

Its 52-week range is $0.48 to $1.51. If it can break through the 71-cent resistance, on strong trading volume, its next resistance is in the mid 90-cent range.

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