Ellipses EP0031/A400 granted Orphan Drug Designation from the US Food and Drug Administration
LONDON, Nov. 23, 2023 /PRNewswire/ -- Ellipses Pharma ("Ellipses"), a global drug development company focused on accelerating the development of cancer treatments through an innovative drug development model, announces today that the US Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to its compound, EP0031/A400, a potential treatment for tissue-agnostic RET fusion-positive solid tumours.
- LONDON, Nov. 23, 2023 /PRNewswire/ -- Ellipses Pharma ("Ellipses"), a global drug development company focused on accelerating the development of cancer treatments through an innovative drug development model, announces today that the US Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to its compound, EP0031/A400, a potential treatment for tissue-agnostic RET fusion-positive solid tumours.
- The FDA grants ODD for investigational treatments for rare diseases, such as RET fusion-positive solid tumours, defined as affecting fewer than 200,000 people in the United States.
- ODD qualifies the developer for certain incentives with the goal of accelerating drug development for patients, including tax credits and seven years of market exclusivity in the US upon approval by the FDA.
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It is estimated that RET mutations and rearrangements may be responsible for ~2% of all solid tumours.