Chemomab Therapeutics shares are trading higher after the company announced it received FDA fast track designation for CM-101 for the treatment of primary sclerosing cholangitis.
Portfolio Pulse from Benzinga Newsdesk
Chemomab Therapeutics' stock is trading higher following the announcement that the FDA has granted fast track designation to its drug CM-101 for the treatment of primary sclerosing cholangitis.
November 15, 2023 | 6:46 pm
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POSITIVE IMPACT
Chemomab Therapeutics' shares are likely to experience a positive short term impact due to the FDA fast track designation for its CM-101 drug.
The FDA's fast track designation is a positive regulatory milestone for Chemomab, suggesting a potentially expedited review process for CM-101. This can lead to increased investor confidence and a higher perceived value of the company in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100