Chimerix Submits Dordaviprone New Drug Application for Accelerated Approval to U.S. FDA for Patients with Recurrent H3 K27M-Mutant Diffuse Glioma
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Chimerix has submitted a New Drug Application to the U.S. FDA for Dordaviprone, targeting recurrent H3 K27M-mutant diffuse glioma. The company has also secured a $30 million credit facility from Silicon Valley Bank to support the potential launch.
December 30, 2024 | 12:15 pm
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Chimerix has submitted a New Drug Application for Dordaviprone to the FDA, aiming for accelerated approval. The company has secured a $30 million credit facility from Silicon Valley Bank to support the potential launch.
The submission of a New Drug Application to the FDA is a significant step for Chimerix, indicating potential future revenue from Dordaviprone if approved. The $30 million credit facility from Silicon Valley Bank provides financial support for the drug's potential launch, reducing financial risk and enhancing the company's ability to execute its plans. These developments are likely to positively impact Chimerix's stock price in the short term.
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