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flag Poolbeg Pharma's drug to prevent a severe cancer treatment side effect gets FDA orphan designation, boosting stock.

flag 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. flag This designation supports rare disease treatment development, offering financial and market exclusivity benefits. flag POLB 001 is in phase 2a trials with first patients expected to be dosed this year. flag Shares of Poolbeg Pharma rose 11% on the news.

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