Candel Therapeutics Says FDA Granted Orphan Drug Designation To Oncolytic Viral Immunotherapy CAN-3110 For Treatment Of Recurrent High-Grade Glioma
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Candel Therapeutics announced that the FDA has granted Orphan Drug Designation to its oncolytic viral immunotherapy, CAN-3110, for the treatment of recurrent high-grade glioma.
May 30, 2024 | 12:04 pm
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Candel Therapeutics' CAN-3110 has been granted Orphan Drug Designation by the FDA for the treatment of recurrent high-grade glioma. This designation can provide benefits such as market exclusivity, tax credits, and assistance in clinical trial design.
The FDA's Orphan Drug Designation is a significant milestone for Candel Therapeutics as it can lead to market exclusivity, tax credits, and other benefits. This is likely to positively impact the stock price in the short term.
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