Bristol Myers Squibb Announces U.S. FDA Breakthrough Therapy Designation For Investigational LPA1 Antagonist For Progressive Pulmonary Fibrosis
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Bristol Myers Squibb has announced that its investigational LPA1 antagonist has been granted Breakthrough Therapy Designation by the U.S. FDA for the treatment of progressive pulmonary fibrosis.
October 24, 2023 | 11:03 am
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Bristol Myers Squibb's investigational LPA1 antagonist has received Breakthrough Therapy Designation from the U.S. FDA. This could potentially expedite the drug's development and review process, potentially leading to earlier market entry.
The Breakthrough Therapy Designation is granted to expedite the development and review of drugs intended to treat serious conditions and that have shown preliminary clinical evidence indicating they may demonstrate substantial improvement over available therapy. This designation for Bristol Myers Squibb's LPA1 antagonist could potentially lead to an expedited review process and earlier market entry, which could positively impact the company's stock in the short term.
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