23AndMe Announced The FDA Has Cleared The Investigational New Drug Application For 23ME-01473 Intended To Treat Cancer. Phase 1 Study Is Expected To Start In The First Half Of 2024 In Advanced Solid Tumor
Portfolio Pulse from Benzinga Newsdesk
23AndMe has received FDA clearance for the Investigational New Drug application for 23ME-01473, a drug intended to treat cancer. The company plans to begin a Phase 1 study in the first half of 2024, focusing on advanced solid tumors.
January 31, 2024 | 12:36 pm
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23AndMe's IND application for 23ME-01473 has been cleared by the FDA, signaling progress in the company's move into cancer treatment. Phase 1 trials are expected to begin in early 2024.
The FDA clearance of 23AndMe's IND application for a cancer drug is a positive development for the company, indicating a new potential revenue stream and diversification into serious disease treatment. This news is likely to be viewed positively by investors, as it suggests progress in the company's research and development efforts. The initiation of Phase 1 trials is a critical step in drug development, and successful trials could significantly impact the company's valuation and future prospects.
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