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Investing.com -- Maia Biotechnology Inc (NYSE:MAIA) stock surged 11.2% in pre-market trading after the company announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation for its cancer treatment ateganosine.
The designation was awarded for the treatment of non-small cell lung cancer (NSCLC), potentially accelerating the regulatory pathway for the drug. Ateganosine is currently being evaluated in a pivotal Phase 2 clinical trial measuring its anti-tumor activity when followed by a checkpoint inhibitor.
Ateganosine works by compromising telomere structure and function in cancer cells, leading to tumor cell elimination and specific immune memory. Through its telomerase-mediated action, the drug is designed to reverse resistance to immune checkpoint inhibitors.
"If we are successful in the Fast Track regulatory pathway, ateganosine could qualify for accelerated FDA approval and robust exclusivity in NSCLC, with a potential FDA decision as early as next year," said MAIA Chairman and CEO Vlad Vitoc.
The company reported that recent data from its Phase 2 THIO-101 clinical trial showed median overall survival of 17.8 months in a heavily pre-treated population, compared to 5 to 6 months typically seen with standard-of-care chemotherapy treatments in similar settings.
NSCLC represents a significant market opportunity, valued at $34.1 billion in 2024 and projected to reach $68.8 billion by 2033 with an 8.1% CAGR.
The FDA’s Fast Track program is designed to facilitate development and expedite review of drugs for serious conditions with unmet medical needs, potentially making the drug eligible for accelerated approval and priority review.
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