Can-Fite BioPharma Designated Orphan Designation Status For Namodenoson For The Treatment Of Pancreatic Cancer
Portfolio Pulse from Benzinga Newsdesk
Can-Fite BioPharma has received orphan drug designation from the FDA for its drug Namodenoson, aimed at treating pancreatic cancer. This status can provide benefits like market exclusivity and tax credits, potentially boosting the company's prospects.
October 08, 2024 | 2:14 pm
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Can-Fite BioPharma's Namodenoson has been granted orphan drug designation by the FDA for pancreatic cancer treatment. This designation can lead to market exclusivity and tax incentives, potentially enhancing the company's market position.
The orphan drug designation by the FDA is significant as it provides Can-Fite BioPharma with potential market exclusivity and tax credits, which can enhance its financial and market position. This is likely to positively impact the stock price in the short term.
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