EU fast track status for Orchard's experimental gene therapy
UK-based biotech firm Orchard Therapeutics has been awarded the fast track PRIME Designation from the European regulator for its investigational gene therapy OTL-300.
The lentiviral gene therapy is being developed as a possible treatment for transfusion-dependent beta-thalassemia (TDBT), the most severe form of beta-thalassemia.
Orchard picked up the therapy earlier this year from GlaxoSmithKline (LSE: GSK), as part of a deal which saw GSK transfer its portfolio of approved and investigational rare disease gene therapies. GSK took a near-20% stake in the firm, and a seat on the board.
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