Tiziana Life Sciences Submits FDA Request To Obtain Orphan Drug Designation For Intranasal Foralumab
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Tiziana Life Sciences has submitted a request to the FDA to obtain Orphan Drug Designation for its product, intranasal Foralumab, aimed at treating a specific medical condition.
May 13, 2024 | 11:08 am
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Tiziana Life Sciences' submission for Orphan Drug Designation for intranasal Foralumab could, if approved, provide market exclusivity and other benefits, potentially boosting investor confidence and the company's valuation.
Orphan Drug Designation by the FDA is highly sought after in the biotech industry as it provides benefits such as market exclusivity, tax credits, and assistance with clinical research. If Tiziana's application is successful, it could significantly enhance the commercial potential of intranasal Foralumab, leading to increased investor interest and potentially a higher stock price in the short term.
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