ACHN - ACHN Stock Zooms 17% as FDA Grants BTD for Danicopan

ACHN stock is leading in the biotech sector after Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) announced that the FDA has granted Breakthrough Therapy Designation (BTD) for danicopan (ACH-4471).

When a pharmaceutical company releases highly encouraging information with regards to any of its medicines, then its stock is almost always bound to rally, and that is what happened this morning with Achillion Pharmaceuticals stock. Danicopan, or ACH-4471, is one of the most important medicines in the company’s pipeline and in a new development, the United States Food and Drugs Administration granted it the designation of ...