Intellia Therapeutics shares are trading higher after the company announced it received European Union orphan drug designation for NTLA-2002.
Portfolio Pulse from Benzinga Newsdesk
Intellia Therapeutics' stock is trading higher following the announcement that its drug NTLA-2002 received orphan drug designation from the European Union, potentially benefiting from incentives like market exclusivity.
November 14, 2023 | 2:10 pm
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POSITIVE IMPACT
Intellia Therapeutics' NTLA-2002 has been granted orphan drug designation by the EU, which may lead to market exclusivity and other benefits, positively impacting the company's stock price in the short term.
The orphan drug designation is a positive regulatory milestone that can lead to market exclusivity, financial incentives, and assistance from the European Medicines Agency, which are all factors that can increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100