Lisata Therapeutics Announces US FDA Rare Pediatric Disease Designation Granted To LSTA1 For Treatment Of Osteosarcoma
Portfolio Pulse from Benzinga Newsdesk
Lisata Therapeutics has received a Rare Pediatric Disease Designation from the US FDA for LSTA1, aimed at treating Osteosarcoma. This designation could potentially expedite the development and review process for LSTA1, enhancing Lisata Therapeutics' position in the market for rare pediatric diseases.
March 21, 2024 | 12:02 pm
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Lisata Therapeutics' LSTA1 has been granted Rare Pediatric Disease Designation by the US FDA for the treatment of Osteosarcoma, potentially accelerating its development and market entry.
The Rare Pediatric Disease Designation by the US FDA is a significant regulatory milestone that can expedite the development and review process of LSTA1, potentially leading to faster market entry. This designation often increases investor confidence and can lead to a positive impact on the company's stock price in the short term due to the enhanced market positioning and the potential for market exclusivity upon approval.
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