PDUFA target date for TransCon CNP extended to February 28, 2026, following FDA amendment request.
Quiver AI Summary
Ascendis Pharma A/S has announced that the U.S. FDA has extended the Prescription Drug User Fee Act (PDUFA) goal date for its New Drug Application for TransCon CNP (navepegritide), a treatment for achondroplasia in children, by three months to February 28, 2026. This extension follows the company's submission of a major amendment related to post-marketing requirements. CEO Jan Mikkelsen stated that they have addressed all outstanding FDA requests and are committed to finalizing the post-marketing study protocol to expedite the therapy's availability in the U.S. Ascendis Pharma is focused on innovative development using its TransCon technology platform to meet unmet medical needs, operating from its headquarters in Copenhagen and additional facilities in Europe and the U.S.
Potential Positives
- The extension of the PDUFA target action date by three months indicates that the FDA is actively engaged in the review process, which may reflect a thorough examination of Ascendis Pharma's application for TransCon CNP.
- Ascendis Pharma has demonstrated responsiveness to the FDA's requests for additional information, suggesting a commitment to regulatory compliance and collaboration.
- The company's goal to bring TransCon CNP to patients in the U.S. as soon as possible emphasizes their dedication to addressing unmet medical needs in pediatric patients with achondroplasia.
Potential Negatives
- The extension of the PDUFA goal date by three months indicates delays in the approval process for TransCon CNP, which could hinder the company's plans for market entry and revenue generation.
- The FDA's classification of the recent submission as a major amendment to the NDA suggests that there may be significant concerns regarding the submitted information, which could impact the overall perception of the product's readiness for approval.
- The mention of various factors that could lead to substantial risks and uncertainties provides a cautionary outlook, potentially affecting investor confidence and the company's stock performance.
FAQ
What is the new PDUFA target date for TransCon CNP?
The new PDUFA target action date for TransCon CNP is February 28, 2026.
Why was the PDUFA date extended?
The FDA extended the PDUFA date due to a major amendment submitted related to post-marketing requirements.
What is TransCon CNP used for?
TransCon CNP is a therapy aimed at treating children with achondroplasia.
Who is the CEO of Ascendis Pharma?
Jan Mikkelsen is the President and Chief Executive Officer of Ascendis Pharma.
Where is Ascendis Pharma headquartered?
Ascendis Pharma is headquartered in Copenhagen, Denmark.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ASND Hedge Fund Activity
We have seen 155 institutional investors add shares of $ASND stock to their portfolio, and 136 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 916,928 shares (-25.6%) from their portfolio in Q3 2025, for an estimated $182,294,455
- WELLINGTON MANAGEMENT GROUP LLP added 880,836 shares (+95.9%) to their portfolio in Q3 2025, for an estimated $175,119,005
- PRINCIPAL FINANCIAL GROUP INC added 765,561 shares (+2722.9%) to their portfolio in Q3 2025, for an estimated $152,201,182
- POINT72 ASSET MANAGEMENT, L.P. removed 569,146 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $98,234,599
- CITADEL ADVISORS LLC removed 559,702 shares (-95.3%) from their portfolio in Q3 2025, for an estimated $111,274,354
- ADAGE CAPITAL PARTNERS GP, L.L.C. removed 459,606 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $91,374,268
- VESTAL POINT CAPITAL, LP added 400,000 shares (+200.0%) to their portfolio in Q3 2025, for an estimated $79,524,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ASND Analyst Ratings
Wall Street analysts have issued reports on $ASND in the last several months. We have seen 11 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Wedbush issued a "Outperform" rating on 11/18/2025
- Cantor Fitzgerald issued a "Overweight" rating on 10/13/2025
- B of A Securities issued a "Buy" rating on 09/02/2025
- JP Morgan issued a "Overweight" rating on 08/19/2025
- RBC Capital issued a "Outperform" rating on 08/08/2025
- UBS issued a "Buy" rating on 08/08/2025
- Wells Fargo issued a "Overweight" rating on 08/08/2025
To track analyst ratings and price targets for $ASND, check out Quiver Quantitative's $ASND forecast page.
$ASND Price Targets
Multiple analysts have issued price targets for $ASND recently. We have seen 12 analysts offer price targets for $ASND in the last 6 months, with a median target of $254.0.
Here are some recent targets:
- Yun Zhong from Wedbush set a target price of $220.0 on 11/18/2025
- Martin Auster from Raymond James set a target price of $271.0 on 10/17/2025
- Li Watsek from Cantor Fitzgerald set a target price of $254.0 on 10/13/2025
- Jessica Fye from JP Morgan set a target price of $264.0 on 10/09/2025
- Tazeen Ahmad from B of A Securities set a target price of $230.0 on 09/02/2025
- David Lebowitz from Citigroup set a target price of $290.0 on 08/08/2025
- Luca Issi from RBC Capital set a target price of $230.0 on 08/08/2025
Full Release
– Prescription Drug User Fee Act (PDUFA) goal date extended by three months to February 28, 2026
COPENHAGEN, Denmark, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (Nasdaq: ASND) today announced that the U.S. Food & Drug Administration (FDA) notified the Company that information submitted on November 5, 2025, related to the post-marketing requirement, in response to the FDA’s ongoing review of the New Drug Application (NDA) for TransCon CNP (navepegritide) for children with achondroplasia, constituted a major amendment to the NDA. Accordingly, the FDA has extended the PDUFA target action date by three months to February 28, 2026.
“We have responded to all outstanding requests from the FDA, including the request for a revised protocol for the post-marketing study, which we received as the lone item for discussion at our late-cycle meeting,” said Jan Mikkelsen, President and Chief Executive Officer at Ascendis Pharma. “We are committed to working diligently with the FDA to finalize elements of the post-marketing requirement, with the goal of bringing this innovative therapy to patients in the U.S. as soon as possible.”
About Ascendis Pharma A/S
Ascendis Pharma is a global biopharmaceutical company focused on applying our innovative TransCon technology platform to make a meaningful difference for patients. Guided by our core values of Patients, Science, and Passion, and following our algorithm for product innovation, we apply TransCon to develop new therapies that demonstrate best-in-class potential to address unmet medical needs. Ascendis is headquartered in Copenhagen, Denmark, and has additional facilities in Europe and the United States. Please visit
ascendispharma.com
to learn more.
Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding Ascendis’ future operations, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to (i) the PDUFA target action date; (ii) Ascendis’ commitment to work with the FDA to finalize elements of the post-marketing requirement for TransCon CNP; (iii) Ascendis’ goal of bringing TransCon CNP to patients in the U.S. as soon as possible; (iv) Ascendis’ ability to apply its TransCon technology platform to make a meaningful difference for patients; and (v) Ascendis’ application of its TransCon technologies to develop new therapies that demonstrate best-in-class potential to address unmet medical needs. Ascendis may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions, expectations and projections disclosed in the forward-looking statements. Various important factors could cause actual results or events to differ materially from the forward-looking statements that Ascendis makes, including the following: dependence on third party manufacturers, distributors and service providers for Ascendis’ products and product candidates; unforeseen safety or efficacy results in Ascendis’ development programs or on-market products; unforeseen expenses related to commercialization of any approved Ascendis products; unforeseen expenses related to Ascendis’ development programs; unforeseen selling, general and administrative expenses, other research and development expenses and Ascendis’ business generally; delays in the development of its programs related to manufacturing, regulatory requirements, speed of patient recruitment or other unforeseen delays; Ascendis’ ability to obtain additional funding, if needed, to support its business activities; and the impact of international economic, political, legal, compliance, social and business factors, including tariffs and trade policies. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to Ascendis’ business in general, see Ascendis’ Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (SEC) on February 12, 2025, and Ascendis’ other future reports filed with, or submitted to, the SEC. Forward-looking statements do not reflect the potential impact of any future licensing, collaborations, acquisitions, mergers, dispositions, joint ventures, or investments that Ascendis may enter into or make. Ascendis does not assume any obligation to update any forward-looking statements, except as required by law.
Ascendis, Ascendis Pharma, the Ascendis Pharma logo, the company logo, and TransCon are trademarks owned by the Ascendis Pharma group. © November 2025 Ascendis Pharma A/S.
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