EXCLUSIVE: Alzamend Neuro Tells Benzinga 'Safety aspects of AL001 development may qualify for (505)(b)(2) pathway for FDA approval'
Portfolio Pulse from Benzinga Newsdesk
Alzamend Neuro has indicated that the safety aspects of its AL001 development may qualify for the (505)(b)(2) pathway for FDA approval. This could potentially expedite the approval process for the drug.
August 30, 2023 | 11:30 am
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Alzamend Neuro's AL001 development may qualify for the (505)(b)(2) pathway for FDA approval, potentially speeding up the approval process.
The (505)(b)(2) pathway is a faster route for FDA approval, which could potentially bring the drug to market sooner than expected. This could have a positive impact on Alzamend Neuro's stock price in the short term as it reduces the time and cost of drug development.
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IMPORTANCE 80
RELEVANCE 100