Carisma Therapeutics Says FDA Granted Fast Track Designation For CT-0525 To Treat HER2-Overexpressing Solid Tumors
Portfolio Pulse from Benzinga Newsdesk
Carisma Therapeutics announced that the FDA has granted Fast Track Designation for its drug candidate CT-0525, aimed at treating HER2-overexpressing solid tumors. Initial Phase 1 data is expected by the end of 2024.
June 25, 2024 | 11:32 am
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Carisma Therapeutics has received FDA Fast Track Designation for its drug candidate CT-0525, which targets HER2-overexpressing solid tumors. This regulatory milestone could accelerate the drug's development and approval process. Initial Phase 1 data is anticipated by the end of 2024.
The FDA Fast Track Designation is a significant regulatory milestone that can expedite the development and review process of CT-0525. This increases the likelihood of the drug reaching the market sooner, which is positive news for Carisma Therapeutics. Investors may react positively to this development, anticipating future growth and potential revenue from the drug.
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