Biovest International, Inc.

FDA Grants Orphan Drug Status for Personalized Lymphoma Vaccine

Published in Vaccine Weekly, January 20th, 2010

Biovest International, Inc. (Other OTC: BVTI) announced that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation to BiovaxID®, Biovest's personalized lymphoma vaccine. BiovaxID represents a new class of active immunotherapy and is one of the few select late-stage patient-specific cancer vaccines vying to be among the first to reach market.

With FDA Orphan Drug Status, Biovest has a seven-year period of market exclusivity for BiovaxID upon approval, thereby offering competitive protection from similar drugs of the same class. Orphan Drug Status also provides Biovest with eligibility to receive potential tax credit benefits, potential...

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Source: Vaccine Weekly (2010-01-20)

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