USA-based Achillion Pharmaceuticals (Nasdaq: ACHN) says it has received Fast Track designation from the Food and Drug Administration for ACH-3102 as part of an interferon-free regimen for the treatment of chronic hepatitis C (HCV).
The market for hepatitis C treatments is expected to be worth around $15 billion by 2019, and the sector has attracted a fair amount of M&A activity relating to companies that are developing such treatments. This included Bristol-Myers Squibb planned $2.5 billion bid for Inhibitex and Gilead Sciences’ $11 billion bid for Pharmasset.
ACH-3102 is a pan-genotypic second-generation NS5A inhibitor against HCV that was discovered by Achillion and is currently being evaluated in a Phase I clinical trial. Earlier this year, Achillion was also granted a fast-track designation for another of its experimental hepatitis C drug, ACH-1625, is currently in a mid-stage development.
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