Good news for Teva as FDA expedites novel-class migraine therapy
Two months after filing with the US FDA, embattled generics giant Teva Pharmaceutical Industries’ (NYSE: TEVA) has been given priority review and fast track designation for fremanezumab, a novel biologic for the preventive treatment of migraine.
The candidate is part of a novel class of monoclonal antibodies called anti-calcitonin gene-related peptides (anti-CGRP), thought to have potential in a therapeutic area which has a high level of unmet need.
The market for migraine treatments is expected to grow to up to $9 billion by 2026, boosted by the anticipated approval of such therapies.
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