Applied Therapeutics Tanks As FDA Path For Lead Rare-Disease Drug Turns Uncertain
1. APLT stock down 58.8% at $0.37 amid high trading volume. 2. An update on FDA regulatory strategy for Govorestat was provided. 3. Key issues involve endpoints for potential Phase 3 trial discussions. 4. The company plans another Type C meeting with the FDA. 5. Cash reserves totaled $11.9 million as of September 30, 2025.