Tyra Biosciences Announces FDA Orphan Drug Designation For TYRA-300 For The Treatment Of Achondroplasia
Portfolio Pulse from Happy Mohamed
Tyra Biosciences, Inc. (NASDAQ:TYRA) has received FDA Orphan Drug Designation for its lead precision medicine program, TYRA-300, for the treatment of achondroplasia. The company also announced the appointment of Michael Bober, M.D. Ph.D., as Vice President, Clinical Development and Medical Affairs, to lead the skeletal dysplasia program. TYRA-300 is currently being evaluated in a Phase 1/2 clinical study and the company plans to submit an IND for a Phase 2 clinical study in pediatric achondroplasia in 2024.
August 01, 2023 | 12:47 pm
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POSITIVE IMPACT
Tyra Biosciences has received FDA Orphan Drug Designation for TYRA-300, a potential treatment for achondroplasia. This could potentially open up a new market for the company and provide a competitive advantage due to the benefits of the designation.
The FDA Orphan Drug Designation is granted to drugs intended for the treatment of rare diseases, providing benefits like tax credits for clinical trials and potential for market exclusivity. This could potentially open up a new market for Tyra Biosciences and provide a competitive advantage. The appointment of Dr. Michael Bober, an expert in the field, further strengthens the company's position.
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