FDA Launches Commissioner's National Priority Voucher Program

RTTNews | 46 dni temu
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
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Monday.
RTTNews | 12 minut temu
European Economic News Preview: Eurozone Sentix Investor Confidence Due

European Economic News Preview: Eurozone Sentix Investor Confidence Due

Investor confidence from the euro area and unemployment from Spain are the top economic news due on Monday. At 2.30 am ET, the Federal Statistical Office publishes Swiss inflation data for July. Economists forecast consumer prices to rise 0.1 percent year-on-year, the same rate of increase as seen in June.
RTTNews | 1g 7 minut temu
European Shares Seen Tad Higher At Open

European Shares Seen Tad Higher At Open

European stocks may open on a positive note Monday as investors keep an eye on the latest batch of earnings and watch further developments on the tariff front.
RTTNews | 1g 24 minut temu
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in choppy mid-market trading on Monday, also adding to the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
RTTNews | 3g 22 minut temu
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the negative cues from Wall Street on Friday, amid concerns about the economic impact of US President Donald Trump's unilateral "reciprocal tariffs" and aggressive trade stance on the global economy. However, the weaker than expected US monthly jobs data increased optimism about a potential interest rate cut by the US Fed in September.
RTTNews | 4g 3 minut temu
Thai Stock Market Expected To Open In The Red Again On Monday

Thai Stock Market Expected To Open In The Red Again On Monday

The Thai stock market has moved lower in consecutive trading days, falling more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,220-point plateau and it's likely in for a rough ride again on Monday.
RTTNews | 5g 5 minut temu