FDA Launches Commissioner's National Priority Voucher Program

RTTNews | 43 दिनों पहले
FDA Launches Commissioner's National Priority Voucher Program

(RTTNews) - The U.S. Food and Drug Administration announced launch of a new program to issue Commissioner's National Priority Vouchers or CNPVs, which shortens review time significantly, with a view to support national health priorities. The new CNPV program, which will begin in 2025, aims to accelerate the drug review process for companies while maintaining the FDA's rigorous standards for safety, efficacy, and quality.

The agency noted that the new voucher may be redeemed by drug developers to participate in a novel priority program by the FDA that shortens its review time to 1-2 months from around 10-12 months, following a sponsor's final drug application submission.

The new CNPV process convenes experts from FDA offices for a team-based review rather than using the standard review system of a drug application being sent to numerous FDA offices.

In the new process, clinical information will be reviewed by a multidisciplinary team of physicians and scientists who will pre-review the submitted information and convene for a 1-day 'tumor board style' meeting.

In the first year of the program, the agency plans to give a limited number of vouchers to companies aligned with U.S. national priorities, such as addressing a health crisis, delivering more innovative cures, addressing unmet public health needs, as well as increasing domestic drug manufacturing as a national security issue.

The FDA Commissioner will use specific criteria to make the vouchers available to companies that are aligned with such health priorities.

In addition to receiving the benefits of the program, the agency may also grant an accelerated approval, if the product for which the voucher is used meets the applicable legal requirements for accelerated approval.

The FDA noted, "Vouchers can be directed by the FDA towards a specific investigational new drug of a company or be granted to a company as an undesignated voucher, allowing a company to use the voucher for a new drug at the company's discretion and consistent with the program's objectives."

The FDA noted that the new CNPV program is separate and not mutually exclusive with the existing Priority Review and Priority Review Voucher or PRV programs, which will continue as is.

Meanwhile, it contains some of the elements and themes of the priority review programs and PRV programs with a different timeline for the review, product designated and product undesignated subtypes, and prohibition on the sale of the voucher.

FDA Commissioner Marty Makary said, "The national priority review program will allow companies to submit the lion's share of the drug application before a clinical trial is complete so that we can reduce inefficiencies. The ultimate goal is to bring more cures and meaningful treatments to the American public."

For More Such Health News, visit rttnews.com

read more
German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
RTTNews | 49 मिनटों पहले
U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | 57 मिनटों पहले
Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.
RTTNews | 1घंटे 44 मिनट पहले
U.S. Weekly Jobless Claims Inch Up Less Than Expected

U.S. Weekly Jobless Claims Inch Up Less Than Expected

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday.
RTTNews | 1घंटे 49 मिनट पहले
FTSE 100 Modestly Higher; Rolls-Royce Holdings, Rentokil Shares Soar

FTSE 100 Modestly Higher; Rolls-Royce Holdings, Rentokil Shares Soar

The UK stock market is up in positive territory Thursday afternoon, riding on some strong earnings and guidance updates from big name companies. Investors are also reacting to the latest developments on the tariff front.
RTTNews | 2घंटे 18 मिनट पहले
Eurozone Jobless Rate Unchanged At 6.2%

Eurozone Jobless Rate Unchanged At 6.2%

The euro area unemployment rate remained stable in June despite slowing economic growth and challenging global trade situation, official data revealed on Thursday. The jobless rate came in at seasonally adjusted 6.2 percent, the same rate as seen in May and down from 6.4 percent in the same period last year, Eurostat said Thursday.
RTTNews | 2घंटे 34 मिनट पहले
CAC 40 Retreats After Bright Start As Investors React To Earnings

CAC 40 Retreats After Bright Start As Investors React To Earnings

After a fairly bright start, the French market retreated and slipped into negative territory on Thursday, stocks turning in a mixed performance amid a slew of earnings reports. Investors are also digesting the latest batch of economic data from the region, and reacting to the developments on the trade front as well.
RTTNews | 2घंटे 56 मिनट पहले