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U.S. FDA grants orphan drug status to monoclonal antibody for treating type 1 diabetes

Published in Blood Weekly, March 16th, 2006

TolerRx, Inc. announced that its lead product, TRX4, has received orphan drug designation by the U.S. Food and Drug Administration (FDA) for the treatment of new-onset type 1 diabetes mellitus. TolerRx is currently conducting a clinical study of TRX4 in the U.S. in subjects with type 1 diabetes.

Orphan drug designation would entitle TolerRx to exclusive TRX4 marketing rights in the United States for 7 years should TolerRx be the first company to receive marketing approval for this type of therapeutic drug product. In addition, the designation would allow TolerRx to apply for research funding, tax credits for certain research expenses, and a waiver from the FDA...

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