• FDA has placed Neurizon's NUZ-001 IND application under clinical hold
• FDA has concerns about the sufficiency of information to assess the application and any risks to human subjects
• Neurizon committed to addressing FDA's feedback and providing required information to progress the IND application

Neurizon Therapeutics Limited, a clinical-stage biotech company dedicated to advancing treatments for neurodegenerative diseases, has received notification from the U.S. Food and Drug Administration (FDA) that it has placed the company's Investigational New Drug (IND) application for NUZ-001 under clinical hold, pending further clarification and additional information. In their communication, the FDA outlined it has certain concerns about the sufficiency of information to assess the application and any risks to human subjects of the trial and with the proposed dosing regime. The detailed FDA feedback is expected within 30 days and should provide the specific clarifications needed to progress the IND application. Neurizon is committed to thoroughly reviewing this feedback upon receipt, taking all necessary actions, and engaging in constructive dialogue with the FDA to address their feedback and provide the required information so that the FDA provides clearance to the IND. The company remains confident in the potential of NUZ-001 as a transformative therapy for Amyotrophic Lateral Sclerosis (ALS) and is dedicated to advancing the development of the drug with diligence and transparency.

Neurizon remains steadfast in its mission to advance innovative treatments for ALS and other neurodegenerative diseases. The company has full confidence in NUZ-001's potential as a safe and effective therapy for patients with ALS and is committed to addressing the FDA's concerns diligently and comprehensively.