regulatory
confidence high
sentiment positive
materiality 0.65
Vitality Biopharma receives FDA Orphan Drug Designation for VBX-100 for pediatric ulcerative colitis
RANGE IMPACT, INC.
- FDA granted Orphan Drug Designation to VBX-100, a glycosylated cannabinoid prodrug, for pediatric ulcerative colitis.
- Orphan Drug Designation provides seven-year market exclusivity upon FDA approval, tax credits, and fee exemptions.
- Vitality has developed over 100 novel glycosylated cannabinoid compounds using proprietary enzymatic bioprocessing.
- VBX-100 targets inflammatory conditions of the gastrointestinal tract; company plans to accelerate research.