Vanda Pharmaceuticals Announces Orphan Drug Designation Granted for VGT-1849A, a Novel and Selective Antisense Oligonucleotide Candidate for the Treatment of Polycythemia Vera
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Vanda Pharmaceuticals has received Orphan Drug Designation from the FDA for VGT-1849A, a JAK2 inhibitor for treating polycythemia vera, a rare blood disorder.
December 20, 2024 | 2:30 pm
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Vanda Pharmaceuticals' VGT-1849A has been granted Orphan Drug Designation by the FDA, potentially enhancing its market position in treating polycythemia vera.
The FDA's Orphan Drug Designation for VGT-1849A is a significant regulatory milestone, likely to enhance Vanda's market position and investor sentiment. This designation often leads to benefits like market exclusivity, tax credits, and reduced regulatory fees, which can positively impact the company's stock price.
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