Lisata Therapeutics Receives U.S. FDA Orphan Drug Designation Granted To LSTA1 For Osteosarcoma
Portfolio Pulse from Benzinga Newsdesk
Lisata Therapeutics has been granted Orphan Drug Designation by the U.S. FDA for its drug LSTA1, aimed at treating osteosarcoma. This designation is significant as it provides various benefits including tax credits, eligibility for market exclusivity, and assistance in the drug development process.

April 09, 2024 | 12:41 pm
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Lisata Therapeutics receives Orphan Drug Designation from the U.S. FDA for LSTA1, targeting osteosarcoma treatment. This could significantly aid in the drug's development and market positioning.
The Orphan Drug Designation is a positive regulatory milestone that can enhance the drug development pathway for Lisata Therapeutics by providing benefits such as tax credits, seven years of market exclusivity upon approval, and FDA assistance. This designation often leads to increased investor interest and can positively impact the company's stock price in the short term due to the perceived potential for market exclusivity and the accelerated development process.
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