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PRIORITY REVIEW VOUCHER WATCH

Tracking FDA Priority Review Voucher issuances, sales, redemptions and news.
Last updated 15 December 2025 - best viewed on desktop
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Background

The FDA Priority voucher programs incentivise drug development and reward companies:
for treatments of rare pediatric diseases (RPD).
for prevention and treatment of certain tropical diseases (TD).
for prevention or treatment for material threat medical countermeasures (MTMC).
for treatments aligned with U.S national health priorities through the Commissioner’s National Priority Voucher (CNPV) program.
No. of vouchers issued
No. of publicly disclosed voucher sales

106

71

No. of vouchers redeemed
No. of vouchers with unknown/unused status

59

47

Highest reported PRV sale price
Last reported PRV sale price

$350,000,000

$175,000,000

There are no rows in this table

Key events:

Dec 2025: Give Kids a Chance Act passed in US Congress

The Mikaela Naylon Give Kids a Chance Act to reauthorize the rare pediatric disease priority review voucher program was passed in Congress. The Bill would extend the program to 2029.
The Bill is now required to be voted in the Senate before it passes on to the President and then becomes law.


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Nov 2025: FDA Commissioner’s National Priority Voucher program

6 November 2025, the U.S. Food and Drug Administration today announced SIX more voucher recipients under the new CNPV pilot program.
Zongertinib (Boehringer Ingelheim) for HER2 lung cancer
Bedaquiline (Johnson & Johnson) for drug-resistant TB in young children
Dostarlimab (GSK) for rectal cancer
Casgevy (Vertex Pharmaceuticals) for sickle cell disease
Orforglipron (Eli Lilly and Company) for obesity and related health conditions
Wegovy (Novo Nordisk) for obesity and related health conditions
16 October 2025, the U.S. Food and Drug Administration today announced NINE voucher recipients under the new CNPV pilot program.
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17 June 2025, the FDA announced a Commissioner’s National Priority Voucher (CNPV) program to enhance the health interests of Americans.
The voucher may be redeemed by drug developers to participate in a novel priority program by the FDA that shortens its review time from approximately 10-12 months to 1-2 months following a sponsor’s final drug application submission. There will be a limited number of vouchers issued in the first year to companies that are aligned with the national health priorities of:
Addressing a health crisis in the U.S.
Delivering more innovative cures for the American people.
Addressing unmet public health needs.
Increasing domestic drug manufacturing as a national security issue.
Vouchers can be directed by the FDA towards a specific investigational new drug of a company or be granted to a company as an undesignated voucher, allowing a company to use the voucher for a new drug at the company’s discretion and consistent with the program’s objectives. The vouchers are not transferable but are retained if the company is acquired by another company and must be redeemed within 2 years.
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Jul 2025: Complete Response Letters Published

See our CRL Dashboard analysing all the CRLs realeased by the FDA Search, summarize and download CRLs with our custom GPT

Priority vouchers issued

Vouchers issued by year
Voucher type issued

RPD, TD, or MTMC priority review vouchers (PRV) may be redeemed to obtain priority review for a product application that would otherwise not receive priority review. PRVs can also be sold or transferred between different companies.
A CNPV, may be redeemed to reduce the timelines for FDA review from approximately 10-12 months to 1-2 months. These vouchers cannot be sold or transferred to another company and must be redeemed within 2 years.
Vouchers issued <12m
Approved
Company
Product
Voucher
Status
Jan 2025
SpringWorks Therapeutics, Inc.
Gomekli
Feb 2025
Bavarian Nordic A/S
Vimkunya
Apr 2025
Abeona Therapeutics Inc
Zevaskyn
Aug 2025
Jazz Pharmaceuticals PLC
Modeyso
Sep 2025
Stealth BioTherapeutics
Forzinity
Oct 2025
EMD Serono
Pergoveris
Oct 2025
Sanofi
Tzield
Oct 2025
Achieve Life Sciences
cytisinicline
Oct 2025
Regeneron
DB-OTO
Oct 2025
Dompé
Oxervate
Oct 2025
Revolution Medicines
daraxonrasib
Oct 2025
Disc Medicine
bitopertin
Oct 2025
Phlow
ketamine
Oct 2025
USAntibiotics
Augmentin XR
Nov 2025
UCB
Kygevvi
Nov 2025
Boehringer Ingelheim
Hernexeos
Nov 2025
Johnson & Johnson
Sirturo
Nov 2025
GSK
Jemperli
Nov 2025
Vertex Pharmaceuticals
Casgevy
Nov 2025
Eli Lilly and Company
orforglipron
Nov 2025
Novo Nordisk Inc.
Wegovy
Dec 2025
Fondazione Telethon ETS
Waskyra
Dec 2025
Johnson & Johnson
Tecvayli
No results from filter
asterisk
Status: Redeemed - voucher was used by the original company the voucher was awarded to. Sold - voucher was sold onwards, vouchers may have been subsequently redeemed. Unknown - no public disclosure relating to this specific voucher. Unused - voucher not redeemed.
Commissioner’s National Priority Voucher (CNPV) tracker
Company
Product
Indication
Voucher
FDA filing/approval date
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Pergoveris
Infertility
unused
Unknown filing date
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Tzield
Stage 3 Type 1 diabetes
REDEEMED
Decision by Dec 20, 2025
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cytisinicline
Nicotine vaping/e-cig addiction
unused
Est filing 2027
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DB-OTO
Deafness (OTOF-related)
unused
Filing Q4 2025
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Oxervate
Blindness (NAION)
unused
Unknown filing date
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daraxonrasib
Pancreatic cancer (PDAC)
unused
Est filing 2026/2027
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bitopertin
Erythropoietic Protoporphyria
REDEEMED
Decision by est Jan 28, 2026
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ketamine
General anesthesia
unused
Unknown filing date
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Augmentin XR
Bacterial infections
REDEEMED
Approved Dec 10th 2025
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Hernexeos
1L HER2 advanced NSCLC
unused
Unknown filing date
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Sirturo
Pediatric multi-drug resistant TB
unused
Est filing 2027
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Jemperli
dMMR/MSI-H advanced rectal cancer
unused
Est filing 2026/2027
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Casgevy
Pediatric severe sickle cell disease
unused
Filing H1 2026
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orforglipron
Obesity
unused
Filing Q4 2025
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Wegovy
7.2mg dose for obesity
REDEEMED
Decision by est Mar 26, 2026
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Tecvayli
With Darzalex for r/r multiple myeloma
REDEEMED
Already submitted as of Dec 9
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PRVs sold over time (USD)
info
Only publicly disclosed prices shown. 13 PRVs have been sold with no price disclosed. 4 PRVs were transferred/sold to another company following prior licensing agreement. Where an exact date is not disclosed, the data point is marked at the last quarter of the reported time period. E.g if a sale/acquisition occurred in 2019 but no specified date given, this has been attributed to 2019 Q4.

Priority vouchers redeemed

Vouchers redeemed by year
Redeemed by appl. type

CNPVs redeemed
Redeemed by disease area

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FDA Review Timelines
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CNPV Recipients
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Voucher Comparisons
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Citation

PRV Watch. (2025). Priority Review Voucher Watch. Website:


This webpage has been compiled from manually reviewing thousands of documents from the U.S. Securities and Exchange Commission (SEC), U.S. Food and Drug Administrations (FDA), Federal Register and press releases to give an overview of FDA Priority Review Vouchers (PRVs). The information on this page is from publicly available sources only and does not include any undisclosed PRV issuance's, transactions or redemptions.
Copyright © 2025 PRV Watch

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