Beam Therapeutics and Capricor Secure FDA Orphan Drug Designations for Rare Disease Treatments
- Beam Therapeutics received FDA orphan drug designation for its sickle cell disease treatment, providing regulatory incentives for this rare genetic disorder affecting hemoglobin production.
- Capricor Therapeutics obtained orphan drug designation for its Becker muscular dystrophy therapy, targeting this progressive muscle-wasting condition.
- Both designations offer companies seven years of market exclusivity, tax credits, and reduced regulatory fees to encourage development of treatments for rare diseases affecting fewer than 200,000 patients in the United States.