Cabaletta Bio Announces FDA Granted Orphan Drug Designation To CABA-201 For Treatment of Myositis
Portfolio Pulse from Benzinga Newsdesk
Cabaletta Bio announced that the FDA has granted Orphan Drug Designation to CABA-201 for the treatment of myositis, a significant step forward in the development of this potential treatment.
February 01, 2024 | 9:40 pm
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Cabaletta Bio's CABA-201 has been granted Orphan Drug Designation by the FDA for the treatment of myositis, indicating a positive development in its pipeline.
The FDA's Orphan Drug Designation is a positive regulatory milestone that can enhance the development and commercial potential of CABA-201. This designation often leads to increased investor interest and can positively impact the stock price in the short term due to the potential for market exclusivity and other benefits.
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