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The U.S. Food and Drug Administration has approved Regeneron’s gene therapy ‌for a rare genetic form of deafness, the company said on Thursday.

This approval, granted under the FDA’s new priority voucher program, marks the introduction of the first gene therapy for ​genetic hearing loss to the market.

Regeneron said the therapy Otarmeni will be ​available for free to patients in the United States. Regeneron ⁠is also set to announce a drug pricing deal with the White House this ​afternoon.

The gene therapy targets otoferlin-related hearing loss, a condition caused by variants in ​the OTOF gene that affects 20–50 newborns in the U.S. each year.

Otoferlin is a critical protein in the ear’s inner hair cells, essential for transmitting sound signals to the brain.

The therapy ​delivers a working copy of the OTOF gene to replace the non-functional ​otoferlin protein using a modified, non-pathogenic virus, delivered via an infusion into the cochlea — a bony ‌cavity ⁠within the inner ear.

China’s Refreshgene and Eli Lilly have also been studying therapies for the condition that have restored hearing in children in...