FDA Grants Soligenix Orphan Drug Designation To Active Ingredient In MarVax For Prevention And Post-Exposure Prophylaxis Against Marburg Marburgvirus Infection
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The FDA has awarded Soligenix Orphan Drug Designation for the active ingredient in MarVaxor, aimed at the prevention and post-exposure prophylaxis of Marburg virus infection. This designation can provide benefits such as market exclusivity upon approval, assistance in the drug development process, and tax credits.

April 15, 2024 | 11:31 am
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Soligenix receives Orphan Drug Designation from the FDA for MarVaxor's active ingredient, targeting Marburg virus prevention and treatment.
The Orphan Drug Designation is a significant regulatory milestone that can enhance Soligenix's position in the biotech industry by providing benefits such as market exclusivity, which protects against competition for seven years post-approval, tax credits for clinical research costs, and assistance in the drug development process. This designation likely increases investor confidence in Soligenix's pipeline and could positively impact its stock price in the short term due to the potential for accelerated development and exclusivity in a niche market.
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