Rigel Announces R289 Granted Orphan Drug Designation by the FDA for MDS
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Rigel Pharmaceuticals announced that its drug R289 has been granted Orphan Drug designation by the FDA for the treatment of myelodysplastic syndromes (MDS).
January 09, 2025 | 1:15 pm
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Rigel Pharmaceuticals' R289 has been granted Orphan Drug designation by the FDA for MDS treatment, potentially boosting the company's market position and stock value.
The FDA's Orphan Drug designation is significant as it provides Rigel Pharmaceuticals with benefits like market exclusivity, tax credits, and potential grants. This can enhance the company's market position and potentially increase its stock value.
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