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Post by georgethenight2 on Sept 12, 2021 3:23:25 GMT -5
Has there ever been a rejection of drugs that were applied with a priority review? Asking the board.
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Post by stockwhisperer on Sept 12, 2021 6:11:44 GMT -5
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Post by georgethenight2 on Sept 12, 2021 6:26:52 GMT -5
Not questioning the FDA standards for approval, but are there actual instances of a fast tracked drug being rejected or given a CSR(correct).
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Post by neil36 on Sept 12, 2021 6:51:12 GMT -5
Google the words “FDA priority review rejections”
I didn’t find one particular article to answer your question, but I did find several instances of priority review rejections. But my impression after a few minutes of looking is that approval rates are generally quite high. But like anything to do with the FDA, there are plenty of surprise decisions.
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Post by stockwhisperer on Sept 12, 2021 8:17:25 GMT -5
So true. Not sure that the answer would matter or have any real relevance to the upcoming October response since each FDA approval or rejection is unique to the individual request.
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Post by stockwhisperer on Sept 12, 2021 8:37:51 GMT -5
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Post by akemp3000 on Sept 12, 2021 9:56:08 GMT -5
It looks like the approval rate under a PRV is very high with the current typical cost of about $100M. Any company purchasing one should be "almost" certain it will be approved. Saw this...
"There are several risks inherent to using a PRV. The first and most obvious is that FDA is under no obligation to approve a product using a voucher. Both FDASIA and FDAAA stipulate that FDA only needs to come to a decision within six months. As Novartis proved in the first-ever use of a priority review voucher, FDA will not necessarily approve a product just because its sponsor used a voucher.
Priority review will likely accelerate the approval of a good drug to market, but it will not save a bad drug from being rejected. And for companies that are unsuccessful in their use of a priority review voucher, the cost of failure can be especially high due to the cost to procure and use the voucher".
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Post by cretin11 on Sept 12, 2021 9:59:38 GMT -5
Thanks for that info. All evidence points to TreT being clearly in the “good drug” category, so that bodes well. UTHR isn’t trying to sneak a “bad drug” through approval. Fingers still crossed but confident we will get the right decision from FDA.
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