Novadip Receives FDA RMAT Designation for NVD003 Regenerative Therapy in Rare Pediatric Bone Disease
- Novadip Biosciences received FDA Regenerative Medicine Advanced Therapy (RMAT) designation for NVD003, an autologous stem cell therapy for congenital pseudarthosis of the tibia (CPT).
- Clinical data showed 88% of patients achieved fracture healing with NVD003, including children whose prior surgeries had failed.
- The company plans to launch a pivotal phase 3 trial this month with recruitment in the US and Europe, targeting market entry by 2027.
- NVD003 represents potential peak sales of $1.4 billion for large bone defects in pediatric and adult patients.
Novadip Biosciences
Posted 11/24/2022