RE: KOL event25 Apr 2023 22:16
FDA should give Faron an answer within 60 days of requesting FT or OS .
They seem pretty confident given that they have what appears to be convincing data .
Looking at the Bexmab data so far on one of the slides today - they seem to be achieving double the efficacy of the original drugs alone . Clearly a justification for expedited approval - given that they already have years and over 250 patients worth of safety data.
Orphan drug status (designated by the FDA) gives a company exclusive marketing rights for a seven-year period, along with other benefits to recoup the costs of researching and developing drugs to treat rare diseases.
Fast track is a process designed to facilitate the development, and expedite the review of drugs to treat serious conditions and fill an unmet medical need. The purpose is to get important new drugs to the patient earlier.
Understanding the FDA expedited approval process may explain to payers, providers, and consumers that drugs undergoing accelerated approval are still safe and beneficial to patients. According to Regulatory Focus, in 2021, 74% of drugs approved by the FDA were approved through an expedited pathway.