FDA grants Orphan Drug Designation to INV043 for anal cancer
Prof Thian Chew, Invion’s Executive Chairman and CEO, commented: “This regulatory milestone enhances our ability to bring INV043 forward more quickly and cost-efficiently, with meaningful benefits for patients suffering from this challenging disease. Over the next five years, the pharmaceutical industry is facing its biggest patent cliff since 2010 as several blockbuster drugs, including ICIs, are expected to lose their patent protection . The Orphan Drug Designation may increase our appeal to strategic partners because of the potentially accelerated pathway to leverage intellectual property that combines their ICIs with our complementary technology.”
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