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clock Created with Sketch. 14/02/15
13:16
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Originally posted by Megagene79
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Overnight my US investor contacts informed me that the FDA has granted orphan drug designation to Neuron for its Rett Syndrome drug. This is great news as it is just the 1st part in the FDA decision making process with a decision on breakthrough designation to come next. We should get confirmation from NEU on Monday of this and this is very bullish and should see the uptrend continue. This granting of orphan drug status will give Neuron and additional 7 years exclusivity on the drug in turn basically extending the patent life an additional 7 years. Importantly this now allows the FDA to priority review Neuron's drug for Rett syndrome which is very bullish for receiving breakthrough designation. Orphan drug designation bodes very well for the next step in breakthrough designation which will be very very bullish for NEU when that hurdle is next jumped.
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