Roche subsidiary earns priority review status for drug Lucentis

Genentech, a member of Basel, Switzerland-based Roche Group, earned priority review status for its drug Lucentis.

The drug is intended to treat myopic choroidal neovascularization, a condition that can lead to vision loss or blindness.

The priority review process, which expedites the review of a drug application to about six months after filing, was created to decrease the time it takes to put new medicines on the market.

If approved, San Francisco-based Genentech would maintain all commercial rights to Lucentis in the U.S., while Roche would hold commercial rights outside the U.S.

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