Nomura update “Breakthrough status: Aust biotechs could apply”
The FDA has granted ‘breakthrough status’ this year on 15 potential drugs, mostly for cancer and rare diseases
The US Food and Drug Administration already has numerous ways it can speed up the market authorisation of new medicines, ranging from ‘accelerated approvals’ to ‘priority reviews’ to its fast-track program. Even so, sometimes the existing mechanisms for speeding drugs to market, which typically require data from the traditional three phases of drug development, still take considerable amounts of time. The so-called ‘breakthrough therapy’ designation introduction may be a signal that the FDA will approve exceptional drugs more quickly with this new regulatory pathway. Ultimately, a breakthrough drug may be approved by the FDA without completing all three phases of clinical trials typically required before an approval decision.