Mustang Bio Granted Orphan Drug Designation by U.S. FDA for MB-108 (HSV-1 oncolytic virus) to Treat Malignant Glioma
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Mustang Bio has been granted Orphan Drug Designation by the U.S. FDA for its MB-108 (HSV-1 oncolytic virus) to treat malignant glioma. The drug is currently in a Phase 1 clinical trial and is showing activity and tolerance in patients with recurrent glioblastoma.
November 07, 2024 | 1:45 pm
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Mustang Bio's MB-108 has received Orphan Drug Designation from the FDA, indicating potential for treating malignant glioma. The drug is in Phase 1 trials, showing promise for recurrent glioblastoma.
The Orphan Drug Designation by the FDA is a significant regulatory milestone that can lead to market exclusivity and financial incentives. The positive Phase 1 trial results further enhance the potential for MB-108, likely boosting investor confidence and stock price.
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