RE: M&A1 Sep 2022 09:37
“In the ‘traditional’ biotech model, drug development is a 10-year minimum process. With abbreviated timelines, a repurposed new physical form could be on the market as early as 2029 in US and Europe and 2030 in Japan following a bridging study, with patent expiry in 2038 (not including potentially available patent term extensions). We consider that the route of development and the fact that underlying drug is already known means that there is a higher likelihood of approval than via the standard drug development model, balancing the fact that NXP002 is a preclinical programme, but with the existing body of tranilast safety and PK data that NFX can leverage”