The FDA has placed a partial clinical hold on Yumanity Therapeutics Inc's (NASDAQ: YMTX) multidose clinical trials of YTX-7739, currently being developed for Parkinson's disease.

• The FDA has not halted all clinical programming and permits the Company's planned single-dose clinical trial to proceed.

• The partial clinical hold suspends the initiation of multiple-dose clinical trials in the U.S. until the FDA's questions have been addressed.

• Related: Yumanity Therapeutics Stock Plunges After Parkinson's Trial Data.

• The Company expects to receive additional detail from the FDA within the next 30 days.

• Related content: Benzinga's Full FDA Calendar.

• YTX-7739 is Yumanity Therapeutics' proprietary lead small molecule investigational therapy designed to penetrate the blood-brain barrier and inhibit the activity of a novel target, stearoyl-CoA desaturase.

• Price Action: YMTX shares are down 20.4% at $1.95 during the market session on the last check Wednesday.

See more from Benzinga

• EQRx's Sugemalimab Shows Significant Overall Survival Benefit In Lung Cancer Settings

• Smith & Nephew Acquires US-Based Partial Knee System Provider Engage Surgical

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.