Aeterna Jumps on FDA Fast-Track Status Request: Montreal Mover

Aeterna Zentaris Inc. rose the most in almost three weeks after the biotech company said it would ask the U.S. Food and Drug Administration to fast-track the approval process for its proposed test to diagnose growth hormone deficiency.

Aeterna, based in Quebec City, jumped 7 percent to 46 Canadian cents by 4 p.m. in Toronto, its largest single-day gain since July 5.

The FDA is due to respond to the request within 60 days, Aeterna said today in a statement. Aeterna expects to complete its submission for the AEZS-130 diagnostic test in the first quarter of 2013 if the FDA grants fast-track status, the company said.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE