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Immutep (ASX:IMM) secures U.S. Fast Track designation for efti treatment

Health Care
ASX:IMM      MCAP $511.1M
08 April 2021 10:20 (AEST)
Immutep (ASX:IMM) - CEO, Marc Voigt

Source: Finance News Network

Immutep (IMM) has received Fast Track designation in the U.S. for its lead product candidate ‘efti’ in first line recurrent and metastatic head and neck cancers.

The biotechnology company specialises in the development of LAG-3 related immunotherapies, and its lead product candidate, full name eftilagimod alpha, is a soluble LAG-3 fusion protein being explored for its potential use in cancer and infectious disease treatments.

The U.S. Food and Drug Administration’s (FDA) Fast Track designation is designed to speed up the development and review process of drug candidates to treat serious diseases and fill unmet medical needs.

Practically, the designation will enable Immutep to be in more frequent communication with the FDA, receive a potential rolling review of its biological licence application and, given the criteria are met, eligibility for an accelerated approval and priority review.

The designation was granted based on a data package that included information from the Phase II TACTI-002 trial of efti in combination with KEYTRUDA in patients with second line PD-X naive head neck squamous cell carcinoma.

Immutep also noted start-up preparation are on track, under a second collaborative agreement with Merek & Co., and it expects the Phase IIb TACTI-003 trial of efti and KEYTRUDA in patients with first line head neck squamous cell carcinoma to commence mid-year.

Shares last traded at 44 cents.

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