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Enzon granted orphan drug status for new cancer drug in EU

Enzon Pharmaceuticals has announced that Oncaspar-IV, its next generation pegylated L-asparaginase, received approval from the Commission of the European Communities for designation as an orphan medicinal product.

Enzon is developing Oncaspar-IV to enhance the pharmaceutical properties of the currently available product. Oncaspar-IV utilizes an efficient modern process for manufacturing of L-asparaginase, and an improved PEG linker to enhance stability, said Enzon.

Jeffrey Buchalter, chairman and CEO of Enzon, said: “Today’s announcement is a significant milestone in our overall plan to market the new Oncaspar-IV in new geographic territories. We are currently developing the next-generation Oncaspar product to enhance the pharmaceutical properties of the approved version currently marketed in the US.”