CYP 4.44% 23.5¢ cynata therapeutics limited

2020 - A Year Full Of Potentials, page-7

  1. 3,985 Posts.
    lightbulb Created with Sketch. 1323
    Hi Pfeifer1982,

    Like always, your post are full of research and fact's.

    In your post above you mention, the FDA.

    While this is very important mile stone, for the company, once we have received the FDA approval.

    I have been thinking about and it is really, has not been discussed, here in great depth.

    We did receive an announcement back on 28th March 2018. (See Below).

    Melbourne, Australia; 28 March 2018: Australian stem cell and regenerative medicine company,
    Cynata Therapeutics Limited (ASX: CYP) is pleased to announce that the United Stated Food and Drug
    Administration (FDA) has granted Cynata Orphan Drug Designation for CYP-001 for the treatment of
    acute graft versus host disease (GvHD).
    CYP-001 is the lead mesenchymal stem cell (MSC) product
    manufactured using Cynata’s proprietary Cymerus platform manufacturing technology.

    Key Highlights:
    • Orphan Drug Designation means CYP-001 is eligible for important incentives, including an
    extended period of marketing exclusivity, tax credits and FDA fee waivers.

    • Positions CYP-001 for cost-effective commercialisation in the USA – the world’s largest
    healthcare market.

    Orphan Drug Designation

    An Orphan Drug is a therapeutic agent used for the prevention, diagnosis or treatment of a rare
    disease, which is defined as a disease or condition that affects fewer than 200,000 people in the USA.

    Once a product has been granted Orphan Drug Designation by the FDA, the sponsor or manufacturer
    of that product can take advantage of three special and commercially significant incentives:

    Exclusivity – the potential to receive seven years of marketing exclusivity after FDA marketing
    approval is granted.

    • Tax credit – half of the qualified clinical research costs for a designated orphan product may
    be claimed as tax credits in the USA.
    • Waiver of FDA fees.

    http://files.cynata.com/327/18.03.28.FDA-Grants-Orphan-Drug-Designation-to-Cynata-for-CYP-001.pdf

    Unfortunately we will not see the approval or grant, till we have gone through our Phase 3 trial, in GVHD, only, (IMHO).

    But if we do get this approval, for GVHD only, surely you would think, that in an Take Over situation, that is worth at least another 2 dollar's to our share price.

    I hope our current board, are putting pressure on Fuji, to commence our Phase 2 trial, sooner rather than later.

    IMHO.

    Regards

    Rossi70

 
watchlist Created with Sketch. Add CYP (ASX) to my watchlist
(20min delay)
Last
23.5¢
Change
0.010(4.44%)
Mkt cap ! $42.21M
Open High Low Value Volume
22.5¢ 23.5¢ 22.5¢ $49.62K 214.8K

Buyers (Bids)

No. Vol. Price($)
1 2225 22.5¢
 

Sellers (Offers)

Price($) Vol. No.
24.0¢ 130470 1
View Market Depth
Last trade - 15.58pm 02/05/2024 (20 minute delay) ?
Last
23.5¢
  Change
0.010 ( 9.76 %)
Open High Low Volume
22.5¢ 23.5¢ 22.5¢ 9818
Last updated 15.21pm 02/05/2024 ?
CYP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.