Wednesday 10 December 2014

Arca's potential Ebola drug gets 'orphan drug status'

(Reuters) - Arca Biopharma Inc said the U.S. Food and Drug Administration granted its experimental drug orphan drug status as a potential treatment for viral hemorrhagic fever after exposure to the Ebola virus. The Westminster, Colorado-based company, whose stock rose about 11 percent on Wednesday, joins a list of drugmakers looking for ways to fight the largest Ebola outbreak on record, which has killed at least 6,300 so far. Securing this designation accords the developer with several incentives, including fee waivers and seven years of market exclusivity. ... via Health News Headlines - Yahoo News Read More Here..

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