Precision BioSciences Announces Receipt Of FDA Fast Track Designation For ECUR-506, iECURE's Program For The Treatment Of Neonatal Onset Ornithine Transcarbamylase Deficiency
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Precision BioSciences, Inc. (NASDAQ:DTIL) announced its partner iECURE received FDA Fast Track designation for ECUR-506, a gene insertion program for treating neonatal onset Ornithine Transcarbamylase (OTC) deficiency. This designation, which aims to expedite the development and review of treatments for serious conditions, highlights the potential of Precision's ARCUS platform. ECUR-506, utilizing a PCSK9-specific ARCUS nuclease licensed from Precision, has also received Rare Pediatric Disease and Orphan Drug designations from the FDA, and Orphan designation from the European Commission. The OTC-HOPE study, a Phase 1/2 trial, is currently enrolling in the UK, with sites in the US and Australia activating later this year.
May 07, 2024 | 12:37 pm
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Precision BioSciences' partner iECURE received FDA Fast Track designation for ECUR-506, a treatment for neonatal onset OTC deficiency, showcasing the potential of Precision's ARCUS gene editing platform.
The FDA Fast Track designation for ECUR-506 not only accelerates the development and review process for this specific treatment but also serves as a significant validation of Precision BioSciences' ARCUS platform. This regulatory milestone could enhance investor confidence in Precision's technology and its applications in gene editing, potentially leading to positive short-term impacts on the company's stock price. The designation, along with the ongoing OTC-HOPE study, underscores the company's progress in gene therapy and its potential to address unmet medical needs.
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