4DMT Secures EMA Priority Medicines Designation For 4D-150 Clinical-Stage Genetic Medicine For Treatment Of Wet AMD
Portfolio Pulse from Benzinga Newsdesk
4D Molecular Therapeutics (4DMT) has secured the European Medicines Agency (EMA) Priority Medicines designation for its clinical-stage genetic medicine, 4D-150, for the treatment of Wet Age-Related Macular Degeneration (AMD). This follows positive interim Phase 1 PRISM clinical data for 4D-150, which demonstrated encouraging safety, tolerability, and clinical activity profile.
October 23, 2023 | 12:02 pm
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4D Molecular Therapeutics' securing of the EMA Priority Medicines designation for 4D-150 could potentially boost the company's stock in the short term due to the positive implications for the drug's future market potential.
The EMA Priority Medicines designation is a significant regulatory milestone that could enhance the market potential of 4D-150. This, coupled with the positive interim Phase 1 PRISM clinical data, could increase investor confidence in 4DMT, potentially leading to a short-term increase in FDMT's stock price.
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