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Alembic’s associate company receives USFDA approval for cancer drug

Alembic Pharmaceuticals associate company Rhizen Pharmaceuticals has received approval from USFDA for cancer drug.

According to a BSE release, “Rhizen Pharmaceuticals S.A. today announced that USFDA has granted orphan-drug designation for the active moiety of Tenalisib, the company’s highly selective and orally active dual PI3K delta/gamma inhibitor, for the treatment of peripheral T-cell lymphoma.”

This drug designation is given to a  drug or biological product is suggested to treat a rare disease in US.

Read EquityPandit’s Technical Analysis on Nifty Pharma

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