Mississauga, ON -- (SBWIRE) -- 01/25/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "TG Therapeutics Receives New Orphan Drug Designation, Shares Rally On News"
Companies mentioned in this article include TG Therapeutics (NASDAQ:TGTX).
The pharmaceuticals sector in the US is currently on pins and needles as it anxiously awaits an action plan from the new Trump government. While the sector anticipates to benefit from expected deregulation, it is also apprehensive about the likely caps on drug price increases. However, for companies working in niche areas that are developing treatments for more rare diseases are expected to keep up their performance. TG Therapeutics (NASDAQ:TGTX) is one such company which is currently working on two lead drug candidates.
The company received a big boost yesterday morning as its combination of TG-1101 and TGR-1202 received orphan drug designation from the FDA. The combination is being tested for treating patients with diffuse large B-cell lymphoma (DLBCL). The company said that DLBCL is a major area which has unmet medical requirements with any breakthrough in the field likely to be highly lucrative for the company.
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