Cabaletta Bio Receives FDA Clearance of IND Application For Treatment Of Systemic Sclerosis With CABA-201
Portfolio Pulse from Benzinga Newsdesk
Cabaletta Bio has received FDA clearance for its Investigational New Drug (IND) application for CABA-201, a treatment for systemic sclerosis. This approval allows the company to proceed with clinical trials.
October 02, 2023 | 11:01 am
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Cabaletta Bio's FDA clearance for its IND application for CABA-201 could potentially boost the company's stock as it allows for clinical trials to proceed.
The FDA clearance of Cabaletta Bio's IND application for CABA-201 is a significant regulatory milestone for the company. This approval allows the company to proceed with clinical trials, which could potentially lead to the commercialization of the treatment. This news is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price in the short term.
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