Unlocking the Future: Krystal Biotech’s $100 Million Sale of a Priority Review Voucher

PITTSBURGH, Aug. 21, 2023 (GLOBE NEWSWIRE) — Brace yourself for a groundbreaking announcement from Krystal Biotech Inc. (NASDAQ: KRYS), a trailblazing biotech powerhouse on a mission to rewrite the medical playbook. Picture a stage where genetic miracles take center spotlight—this is the world of Krystal Biotech, where diseases with unmet needs find their match.

In an astonishing turn of events, the company has just sealed a deal that could redefine the future of medicine. Hold onto your seats: a Rare Pediatric Disease Priority Review Voucher (PRV), as precious as a gem, has changed hands for a staggering $100 million. It’s like watching a piece of the medical puzzle being traded for a glimpse into what’s next.

Why this uproar? The story begins with Krystal Biotech’s triumph—a victory song orchestrated by the U.S. Food and Drug Administration (FDA). Their accelerated approval of VYJUVEKTM (beremagene geperpavec-svdt) echoes like a beacon of hope for patients battling the claws of recessive or dominant dystrophic epidermolysis bullosa (DEB). And with that victory comes a coveted PRV, like a golden ticket to fast-track innovation.

But this isn’t just about tokens and vouchers. This is about igniting a revolution. Enter the Rare Pediatric Disease Priority Review Voucher Program, a canvas where the FDA rewards visionary champions who dare to tackle rare pediatric diseases head-on. It’s an invitation to dance with the unknown, to forge new paths of treatment. And guess what? A PRV isn’t just a badge of honor; it’s a key. A key that opens doors to priority reviews for future medical marvels, or even sparks a thrilling trade.

So, here’s to Krystal Biotech—a symphony of science and courage, a company that transforms challenges into opportunities and vouchers into visions of the future. In a world where the stakes are high and the dreams even higher, they’re not just rewriting the playbook; they’re creating a whole new symphony of hope.

About Krystal Biotech, Inc.

Embarking on a scientific odyssey, Krystal Biotech, Inc. (NASDAQ: KRYS) stands at the forefront of biotechnology, dedicated to unveiling the hidden potential of genetic medicines. With a passionate commitment, the company strives to pioneer treatments for ailments that have long yearned for a solution. Among its accomplishments, VYJUVEKTM emerges as a groundbreaking masterpiece – not just a therapy, but a promise of renewed hope.

As the maiden voyage into the realm of redosable gene therapy, it holds the distinction of being the sole FDA-approved beacon of light for those battling dystrophic epidermolysis bullosa. Yet, this is only the beginning. In the labyrinth of its laboratories, Krystal Biotech orchestrates a symphony of innovation, a harmonious convergence of ideas and expertise.

Beyond the horizon, a treasure trove of potential awaits, spanning the realms of respiratory health, oncological marvels, dermatological wonders, ocular discoveries, and even the artistry of aesthetics. Anchored in Pittsburgh, Pennsylvania, Krystal Biotech thrives as a nexus of brilliance, poised to rewrite the narrative of medical progress.”

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