FDA Launches Commissioner's National Priority Voucher Program

RTTNews | 47 วันที่ผ่านมา
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
China Services Growth Fastest Since May 2024

China Services Growth Fastest Since May 2024

China's services activity expanded at the fastest pace in more than a year in July on rising inflows of new business, purchasing managers' survey data from S&P Global showed on Tuesday. The headline general services business activity index rose to 52.6 in July from 50.6 in June. The index extended the current period of growth to just over two-and-a-half years. Moreover, the index suggested that t
RTTNews | 1 ชม. 9 นาทีที่ผ่านมา
European Economic News Preview: Eurozone Final Composite PMI Data Due

European Economic News Preview: Eurozone Final Composite PMI Data Due

Composite Purchasing Managers' survey results from the euro area and other major euro area economies are due on Tuesday. At 2.45 am ET, France's statistical office INSEE publishes industrial output data for June. Production is forecast to grow 0.8 percent on a monthly basis, in contrast to the 0.5 percent fall in May. At 3.00 am ET, Spain's INE publishes industrial output data for June.
RTTNews | 1 ชม. 33 นาทีที่ผ่านมา
European Shares Set To Open On Firm Note

European Shares Set To Open On Firm Note

European stocks are seen opening higher on Tuesday as investors await the next batch of earnings and any new developments on the trade front.
RTTNews | 1 ชม. 38 นาทีที่ผ่านมา
Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
RTTNews | 2 ชม. 39 นาทีที่ผ่านมา
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,750 level, with gains across all sectors led by mining, energy and technology stocks.
RTTNews | 3 ชม. 44 นาทีที่ผ่านมา
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the weak monthly US jobs data will lead the US Fed to lower interest rates next month. Traders also picked up stocks at a bargain following the recent downturn in the markets. Asian markets closed mixed on Monday.
RTTNews | 4 ชม. 10 นาทีที่ผ่านมา
Sensex, Nifty Set To Open Lower As Trump Again Threatens India With Harsh Tariffs

Sensex, Nifty Set To Open Lower As Trump Again Threatens India With Harsh Tariffs

Indian shares may open on a weak note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
RTTNews | 4 ชม. 43 นาทีที่ผ่านมา
Additional Support Anticipated For Thai Stock Market

Additional Support Anticipated For Thai Stock Market

The Thai stock market on Monday ended the two-day slide in which it had fallen more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,230-point plateau and it's expected to open to the upside again on Tuesday.
RTTNews | 5 ชม. 14 นาทีที่ผ่านมา