Genmap's HuMax-CD20 to Treat CLL Awarded Fast Track Status From FDA
Fast Track Product status allows the FDA to facilitate the development and expedite the review of a drug if it is intended for the treatment of a serious or life-threatening condition, and if it demonstrates the potential to address unmet medical needs for such a condition.
This fast track designation gives Genmab the opportunity to submit a Biologics License Application (BLA) in sequential sections, and have these sections reviewed as they are submitted, thus saving development time. A BLA is the biologic products' equivalent to a New Drug Application and is the final stage before a drug is approved for the market by the FDA. Fast track status also opens the possibility for receiving a priority review or accelerated approval of the BLA where the review time would be halved to just 6 months.
"The designation of HuMax-CD20 as a Fast Track Product recognizes the need for new forms of treatment for patients suffering from CLL," said Lisa N. Drakeman, Ph.D., Chief Executive Officer at Genmab.
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