"The COMP's adoption of a positive opinion for CT053 orphan drug designation is another important recognition of CARsgen's commitment to the development of its potential best-in-class CAR T cell therapy for the treatment of multiple myeloma," said Zonghai Li, M.D., Ph.D., Chief Executive Officer of CARsgen. "We look forward to working closely with the EMA under the recently granted PRIME eligibility and continuing the clinical development of CT053 in Europe."
The positive opinion issued by COMP will be sent to the European Commission, which is expected to grant the orphan designation within 30 days. EMA orphan drug designation helps support the development of new treatments for rare conditions, those affecting not more than five in 10,000 people in the EU, that are life-threatening or chronically debilitating. Medicines that meet the EMA's orphan designation criteria qualify for incentives to encourage advancement of drug development.
About CARsgen Therapeutics, Co., Ltd.
CARsgen Therapeutics is a clinical-stage immune-oncology company committed to the development and commercialization of CAR T-cell therapeutics for unmet medical needs. The company has collaborated with top hospitals in China to launch several other first-in-human studies such as anti-GPC3 CAR T cells for hepatocellular carcinoma and squamous lung cancer, anti-EGFR/EGFRvIII CAR T cells for glioblastoma multiforme and anti-claudin18.2 CAR T cells for gastric and pancreatic cancer.
For more information, please visit: www.carsgen.com 
SOURCE CARsgen Therapeutics Co. Ltd.