BiomX Receives Orphan Drug Designation From FDA For BX004 For The Treatment Of Chronic Pulmonary Infection Caused By Pseudomonas Aeruginosa In Patients With Cystic Fibrosis
Portfolio Pulse from Benzinga Newsdesk
BiomX has been granted Orphan Drug Designation by the FDA for BX004, a treatment for chronic pulmonary infection caused by Pseudomonas Aeruginosa in cystic fibrosis patients.
January 04, 2024 | 1:01 pm
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POSITIVE IMPACT
BiomX's BX004 receives Orphan Drug Designation from the FDA, potentially enhancing the company's market exclusivity and supporting its development pipeline for treating cystic fibrosis.
The Orphan Drug Designation is likely to have a positive impact on BiomX's stock (PHGE) in the short term due to the potential for market exclusivity and the validation of the company's treatment approach. This designation can improve investor sentiment and attract attention to the company's pipeline, possibly leading to an increase in stock price.
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