Article ; Online: Unveiling the impacts of FDA Breakthrough Therapy Designation: a dual-perspective examination of economic and developmental outcomes for biotechnology companies.
2024 Volume 29, Issue 4, Page(s) 103919
Abstract: Biotechnology and small pharma companies must recognize the opportunity presented by FDA Breakthrough Therapy Designation (BTD) to expedite drug development for serious conditions. This paper evaluates BTD economic and developmental impacts on such ... ...
Abstract | Biotechnology and small pharma companies must recognize the opportunity presented by FDA Breakthrough Therapy Designation (BTD) to expedite drug development for serious conditions. This paper evaluates BTD economic and developmental impacts on such companies. Analysis of 29 BTD events from 2017 to 2022 revealed immediate share price boosts and improved drug approval rates, alongside faster development times. Yet, long-term share prices underperformed relative to the broader market, underscoring the persistent risks in pharma investments. Although offering new insights, the limited sample size calls for further investigation. |
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MeSH term(s) | United States ; Biotechnology ; Investments ; Drug Approval ; United States Food and Drug Administration |
Language | English |
Publishing date | 2024-02-15 |
Publishing country | England |
Document type | Journal Article |
ZDB-ID | 1324988-5 |
ISSN | 1878-5832 ; 1359-6446 |
ISSN (online) | 1878-5832 |
ISSN | 1359-6446 |
DOI | 10.1016/j.drudis.2024.103919 |
Database | MEDical Literature Analysis and Retrieval System OnLINE |
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