Phyto-pain pharma declared the submission of orphan drug application for Delta-9-tetrahydrocannibinol and Cannabidiol
PhytoPain Pharma Inc., a subsidiary of GrowPros Cannabis Ventures Inc. stated h submission of two applications for orphan drug designation.
Release Date: 23-Nov-2016
PhytoPain Pharma Inc., a subsidiary of GrowPros Cannabis Ventures Inc. stated h submission of two applications for orphan drug designation for Delta-9-tetrahydrocannibinol and Cannabidiol to the US Food and Drugs Administration (FDA), organization responsible for orphan drug development for the treatment of patients with Complex Regional Pain Syndrome Type 1 (CRPS1) and patients with Central Post Stroke Pain (CPSP). The FDA’s decision is still pending, if approved, the company is looking forward for several opportunities and benefits such as most notably tax credits on clinical research reduction of the waiting period and reduced registration fees. It also provides PPP with a 7-year period of market exclusivity in the U.S.
The FDA’s Orphan Drug program offers orphan status to drugs and biologics that are intended for the treatment of rare diseases affecting fewer than 200,000 people in the U.S. The designation provides sponsors with development and commercial incentives for designated compounds and medicines, including eligibility for a seven-year period of market exclusivity in the U.S. after product approval, FDA assistance in clinical trial design and an exemption from FDA user fees.
For Orphan Drug Clinical Insight Reports Contact: firstname.lastname@example.org
Need custom market research solution? We can help you with that too.
Kuick Research is a market research and analytics company that provides targeted information for critical decisions at business, product and
service levels. We are quick, predictive and known by the recommendations we have made in the past. Our result-oriented research methodology offers
understanding of multiple issues in a short period of time and gives us the capability to keep you full with loads of practical ideas.