• The FDA has canceled the advisory committee meeting for govorestat, Applied Therapeutics' drug for classic galactosemia, signaling potential approval by the November 28 PDUFA date.
• Analysts are optimistic about govorestat's approval and commercial potential, with Leerink Partners raising the probability of success (PoS) for both galactosemia and SORD deficiency.
• Govorestat, a CNS penetrant aldose reductase inhibitor, targets rare neurological diseases by blocking glucose conversion to sorbitol, with peak sales estimated at $870 million for galactosemia alone.
• Applied Therapeutics' stock price surged following the announcement, reflecting investor confidence in govorestat's prospects and the company's broader pipeline.