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Tuesday, December 29, 2020

Celltrion Seeks South Korean Approval for Emergency Use of Covid-19 Treatment

 Celltrion Inc. has officially asked South Korean health authorities to approve the emergency use of a Covid-19 antibody treatment candidate, which is still undergoing clinical trials.

A formal application for CT-P59's conditional marketing authorization was submitted to South Korea's Ministry of Food and Drug Safety on Tuesday, the biopharmaceutical company said.

The potential Covid-19 drug, if approved, would be available at hospitals for clinical purposes only, Celltrion said.

It remains to be seen how long the ministry's review will take, but local media say it usually takes a month or so in the country.

Celltrion says it will seek similar emergency-use approvals from U.S. and European health authorities in the coming months.

Celltrion, which has completed its phase 2 clinical trial of the potential drug, plans to present the top-line data of its phase 2/3 clinical trials in the first half of 2021.

https://www.marketscreener.com/quote/stock/CELLTRION-HEALTHCARE-CO-L-37412324/news/Celltrion-HealthCare-Seeks-South-Korean-Approval-for-Emergency-Use-of-Covid-19-Treatment-Candidate-32095226/

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