Olverembatinib Granted Breakthrough Therapy Designation for the Treatment of Philadelphia Chromosome-Positive (Ph+) Acute Lymphoblastic Leukemia (ALL)
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Ascentage Pharma's drug, olverembatinib, has received Breakthrough Therapy Designation in China for treating Philadelphia chromosome-positive acute lymphoblastic leukemia.
March 05, 2025 | 11:15 pm
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Ascentage Pharma's olverembatinib has been granted Breakthrough Therapy Designation by China's NMPA for treating Ph+ ALL, potentially accelerating its development and approval process.
The Breakthrough Therapy Designation is likely to expedite the development and review process of olverembatinib, which could lead to earlier market entry and revenue generation. This is a positive development for Ascentage Pharma, potentially boosting investor confidence and stock price.
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