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PaxMedica, with the help of financial services firm Bourne Partners, is actively exploring presale of its Priority Review Voucher (“PRV”), highly valuable in the pharmaceutical marketplace once it gets formal approval from the FDA The move is the next step in PaxMedica's ongoing commitment to advancing innovative healthcare solutions for autism patients worldwide Similar successful endeavors in the pharmaceutical landscape have demonstrated lucrative potential
PaxMedica (NASDAQ: PXMD) , a pioneering biopharmaceutical company focused on advancing treatments for neurologic disorders, has set its sights on an exciting potential opportunity. With the engagement of Bourne Partners, a prominent financial services firm specializing in the pharmaceutical and consumer health sectors, PaxMedica is actively exploring the presale of its Priority Review Voucher (“PRV”).
The Food and Drug Administration (“FDA”) can approve and award a priority review vouchers to drug sponsors that develop drugs for rare pediatric or tropical diseases. Such vouchers have value, providing for expedited regulatory review, and can be sold for significant sums in the...
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