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flag Coya Therapeutics' stock surged after FDA clearance for a new ALS treatment study.

flag Coya Therapeutics' stock rose after the FDA accepted its IND application for COYA 302, a potential treatment for ALS. flag This approval allows the company to start a Phase 2 clinical study, triggering a $4.2 million milestone payment from partner Dr. Reddy's Laboratories. flag Despite a recent net loss, Coya received a "buy" rating from analysts with a target price suggesting a significant upside.

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