The FDA Has Granted Orphan Drug Designation To MAIA Biotechnology's Lead Asset THIO, A Cancer Telomere-targeting Agent, For The Treatment Of Glioblastoma
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The FDA has granted Orphan Drug Designation to MAIA Biotechnology's lead asset THIO, a cancer telomere-targeting agent, for the treatment of Glioblastoma.
November 10, 2023 | 12:03 pm
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MAIA Biotechnology's lead asset THIO has been granted Orphan Drug Designation by the FDA for the treatment of Glioblastoma. This could potentially increase the company's market share in the cancer treatment sector.
The FDA's Orphan Drug Designation is granted to drugs that are intended for the safe and effective treatment of rare diseases that affect fewer than 200,000 people in the U.S. This designation provides MAIA Biotechnology with certain benefits, including market exclusivity for a period of time post-approval, tax credits for clinical research costs, and waiver of certain FDA fees. This could potentially increase the company's market share in the cancer treatment sector.
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