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WPD Pharmaceuticals’ Annamycin Drug Received FDA Approval of Fast Track Designation
Last moleculin biotech, inc. earnings: 8/16 05:35 pm
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US:NASDAQ Investor Relations: moleculin.com/investors
VANCOUVER, British Columbia, Feb. 05, 2020 (GLOBE NEWSWIRE) -- WPD Pharmaceuticals Inc. (CSE: WBIO) (FSE: 8SV1) (the “Company” or “WPD”), a clinical stage pharmaceutical company, is pleased to provide an update on its Annamycin Drug. Through its development partner, Moleculin Biotech, Inc. (Nasdaq: MBRX) (“Moleculin”), Annamycin received approval from the U.S. Food and Drug Administration ("FDA") for Fast Track Designation. Annamycin is currently being studied for the treatment of relapsed or refractory acute myeloid leukemia ("AML"). A drug that receives Fast Track Designation is eligible for some or all of the following: More frequent meetings with FDA to discuss the drug's development plan and ensure collection of appropriate data needed to support drug approvalMore frequent written communication from FDA about such things as the design of the proposed clinical trials and use of biomarkers Eligibility for Accelerated Approval and Priority Review, if relevant criteria are met
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