June 19, 2018 9:19am
CLBS closed down -$0.12 and is up in the pre-market +$1.00 or +25.32% - BUY
CLBS has granted regenerative medicine advanced therapy (RMAT) designation for the CD34+ cell therapy program for the treatment of refractory angina.
The FDA grants the RMAT designation to regenerative medicine therapies intended to treat a serious condition for which preliminary clinical evidence indicates a potential to address unmet medical needs for that condition. The RMAT designation affords regenerative therapies the advantages of expedited development and review of marketing applications as are available to drugs that receive breakthrough therapy designation, including increased meeting opportunities, early interactions to discuss potential surrogate or intermediate endpoints, shortened biologics license application (“BLA”) review times and the potential of accelerated approval.
CLBS acquired an exclusive worldwide license to the late-stage CD34+ program from Shire plc in March of this year.
- The acquisition included the data set and regulatory filings for the CD34+ cell therapy program for the treatment of refractory angina;
- This includes manufacturing procedures, preclinical (in vivo and in vitro) and P1, P2 and P3 clinical study data of CD34 cell therapy as a treatment for no-option refractory angina, along with the corresponding regulatory filings.
It’s about time for “some” news, CLBS has been pretty dormant – pricing wise however, this upside will only last so long as the upside gets ‘skimmed”.
The share price is dropping - already to +$0.30 in the pre-open!