Atea Pharmaceuticals Inc. Receives Orphan Designation Status From U.S. FDA For A Phosphoramidate Oral Prodrug Of A Unique 6-Modified Purine Nucleotide For Treatment Of Disease Caused By Dengue Virus
Portfolio Pulse from Happy Mohamed
Atea Pharmaceuticals Inc. has been granted Orphan Drug Designation by the U.S. FDA for its oral prodrug aimed at treating dengue virus. This designation is given to drugs that treat rare diseases, providing benefits like tax credits and market exclusivity.
December 18, 2023 | 2:49 pm
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Atea Pharmaceuticals receives Orphan Drug Designation from the FDA for its dengue virus treatment, which could lead to tax credits, assistance in drug development, and seven years of market exclusivity upon approval.
The Orphan Drug Designation is a positive regulatory milestone for Atea Pharmaceuticals, likely to be viewed favorably by investors. It can lead to financial incentives and market exclusivity, which are significant competitive advantages. This news could increase investor confidence and potentially lead to a short-term rise in AVIR's stock price.
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