Ideaya Receives Fast Track Designation For IDE161 For Pretreated, Platinum-resistant Advanced Or Metastatic Ovarian Cancer Patients Having Tumors With BRCA1/2 Mutations
Portfolio Pulse from Benzinga Newsdesk
Ideaya Biosciences has received Fast Track designation from the FDA for its drug IDE161. The drug is intended for pretreated, platinum-resistant advanced or metastatic ovarian cancer patients with BRCA1/2 mutations.
September 26, 2023 | 10:04 am
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The Fast Track designation for IDE161 could expedite the drug's development and review, potentially leading to quicker market entry. This could positively impact Ideaya Biosciences' stock in the short term.
Fast Track designation is a significant regulatory milestone that can expedite the development and review of a drug. This could lead to quicker market entry for IDE161, potentially increasing revenues and positively impacting Ideaya Biosciences' stock price.
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