• LBL-024, a bispecific antibody targeting PD-L1 and 4-1BB developed by Leads Biolabs, has been granted Orphan Drug Designation by the FDA for neuroendocrine cancer.
• This designation follows a Breakthrough Therapy Designation from China's NMPA, highlighting LBL-024's potential to improve outcomes for patients with advanced extrapulmonary neuroendocrine cancer.
• Clinical data suggest LBL-024 monotherapy has more than doubled both the Objective Response Rate (ORR) and Overall Survival (OS) compared to existing treatments for this disease.
• The Orphan Drug Designation provides incentives including tax credits, FDA guidance, and market exclusivity, potentially accelerating LBL-024's commercialization.