BridgeBio Pharma Gets FDA Regenerative Medicine Advanced Therapy Designation
By Sabela Ojea
BridgeBio Pharma said the Food and Drug Administration has granted regenerative medicine advanced therapy designation for its Canavan disease treatment BBP-812.
The commercial-stage biopharmaceutical company focused on genetic diseases on Tuesday said the FDA resignation came after it reviewed clinical data from its CANaspire Phase 1/2 clini0cal trial.
Regenerative medicine advanced therapy designations provide a pathway that can expedite the approval process of regenerative-medicine products.
The treatment has already been granted orphan drug, rare pediatric disease, and fast track designations from the FDA, as well as Orphan Drug Designation from the European Medicines Agency.
The Canavan disease is a rare neurodegenerative disease that prevents most children from meeting basic developmental milestones, such as crawling, walking, speaking, and even holding their heads up. It is a terminal diagnosis with no approved treatment to date, the company said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
September 10, 2024 17:35 ET (21:35 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
The 10 Best Companies to Invest in Now
-
New 4-Star Stocks
-
Morningstar’s Guide to Investing in Stocks
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth