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Poolbeg Pharma's drug to prevent a severe cancer treatment side effect gets FDA orphan designation, boosting stock.
Poolbeg Pharma's drug, POLB 001, has received FDA orphan drug designation to prevent Cytokine Release Syndrome (CRS), a severe side effect of cancer immunotherapy affecting over 70% of patients.
This designation supports rare disease treatment development, offering financial and market exclusivity benefits.
POLB 001 is in phase 2a trials with first patients expected to be dosed this year.
Shares of Poolbeg Pharma rose 11% on the news.
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El medicamento de Poolbeg Pharma para prevenir un efecto secundario grave del tratamiento del cáncer obtiene la designación de huérfano de la FDA, aumentando el stock.