Stealth Bio doubles as it gains Rare Pediatric Disease designation for elamipretide

4 March 2020

US biotech Stealth BioTherapeutics (Nasdaq: MITO) saw its shares skyrocket 108.4% to $3.96 in morning trading on Tuesday, after it revealed that the US Food and Drug Administration has granted Rare Pediatric Disease (RPD) designation for elamipretide for the treatment of Barth syndrome, an ultra-rare genetic condition. The stock closed the day up 58% at $3.07.

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