Examples of Priority Review in a sentence
Within [***] days of Novartis’ receipt of the PRV Notice, Novartis may elect by written notice to Pharming to purchase the Priority Review Voucher (a “PRV Purchase”).
CUTEC is a subcommittee (working group of non- elected public officials and staff) of CUUATS Technical Committee as other subcommittees (Project Priority Review, Long Range Transportation Plan, Intelligent Transportation System, Safety, etc.); therefore, it does not need to be listed in the CUUATS Intergovernmental Agreement.
For clarity, examples of Commercial Benefits include the sales of a Project Vaccine at market prices, commercial licensing of Project IP, receipt of government-granted incentives such as Priority Review Vouchers and revenue from the commercialisation of combination, derivative or follow-on products (including antibody products, assays and vaccines) or application of production technology resulting in whole or part from CEPI funding.
In January 2017, we announced that RHB‑204 had been granted QIDP designation by the FDA for the treatment of pulmonary NTM disease, including eligibility for Priority Review, Accelerated Approval and an extended market exclusivity period, if approved for marketing in the U.S. In October 2020, we announced that the FDA granted RHB-204 Orphan Drug designation which together with the QIDP designation will extend U.S. market exclusivity to a total of 12 years, if RHB- 204 is approved by the FDA.
The FDA has granted this application Priority Review, a designation which is granted to applications for potential drugs that, if approved, would be significant improvements in the safety or effectiveness of the treatment of serious conditions when compared to standard applications.