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Stock impact report

Lisata's (LSTA) LSTA1 Gets FDA's RPDD Tag for Osteosarcoma [Yahoo! Finance]

Lisata Therapeutics, Inc. (LSTA) 
Company Research Source: Yahoo! Finance
the treatment of osteosarcoma, a rare type of bone cancer that affects children, adolescents and young adults. Shares of the company were up 8.4% on Mar 21, following the announcement of the news. The RPDD designation is granted by the FDA to medicines that treat serious or life-threatening diseases, usually affecting less than 200,000 children in the United States of all ages. Upon potential approval for LSTA1 by the FDA, the company may become eligible to receive a priority review voucher (“PRV”). This PRV can be used either by LSTA in a subsequent marketing application filed with the FDA for a different product or may even be sold to any other third party to boost cash reserves. LSTA1 is an investigational drug that allows co-administered or tethered anti-cancer drugs to better penetrate solid tumors by activating a novel uptake pathway. The candidate has exhibited the potential to improve the tumor environment, thereby making tumors more responsive to immunotherapy. Shares o Show less Read more
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