Benzinga | Aug 27, 2021 11:50AM EDT

Drug For Short-Limbed Dwarfism From Biomarin Wins European Approval

* The European Commission (EC) has approved BioMarin Pharmaceutical Inc's (NASDAQ:BMRN) Voxzogo (vosoritide) once-daily injection to treat achondroplasia.

* The approval covers children from 2 years until growth plates are closed, which occurs after puberty when children reach final adult height.

* Voxzogo is a modified C-type natriuretic peptide (CNP) that directly downregulates fibroblast growth factor receptor 3 (FGFR3) signaling and promoting endochondral bone formation.

* The FDA's US application for Voxzogo is under review with a target action date of November 20.

* Related content: Benzinga's Full FDA Calendar

* Price Action: BMRN stock is up 6.48% at $83.98 on the last check Friday.