Replimune Shares Jump 94% After FDA Panel Backs RP1 Skin Cancer Trial
Updated
Updated · CNBC · Jul 31
Replimune Shares Jump 94% After FDA Panel Backs RP1 Skin Cancer Trial
3 articles · Updated · CNBC · Jul 31
Summary
Replimune rose more than 94% in midday trading after an FDA advisory panel voted in favor of trial results for its RP1 treatment in a type of skin cancer.
Wedbush upgraded the clinical-stage biotech to outperform from neutral following the panel decision, adding to investor optimism around the program.
The move extended an earlier rally of more than 130% in premarket trading, showing the favorable FDA review remained the main driver of the stock's gains through the session.