Turning Point Therapeutics Gets FDA Breakthrough Therapy designation For Repotrectinib

Turning Point Therapeutics, Inc. (NASDAQ:TPTX) received Breakthrough Therapy designation from the U.S. Food and Drug Administration (FDA) for its lead drug candidate Repotrectinib in Patients With One Prior ROS1 Tyrosine Kinase Inhibitor and no Prior Chemotherapy.

The designation grant was supported by efficacy analyses of 50 patients pooled from the Phase 1 and Phase 2 portions of the TRIDENT-1 study.

This grant marks the company’s eighth regulatory designation, and third Breakthrough Therapy designation.

Breakthrough Therapy designation is granted by the FDA to expedite the development and regulatory review of an investigational medicine that is intended to treat a serious or life-threatening condition.

Turning Point Therapeutics closed Monday’s trading down 9 percent at $24.32

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.