Entrada Says FDA Clinical Hold On ENTR-601-44 IND Application Remains In Effect; Says Informed That FDA Declined To Lift The Clinical Hold
Portfolio Pulse from Benzinga Newsdesk
Entrada Therapeutics announced that the FDA has maintained the clinical hold on its Investigational New Drug (IND) application for ENTR-601-44. The FDA declined to lift the hold, which affects the company's ability to proceed with clinical trials for this drug candidate.
November 22, 2023 | 12:06 pm
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Entrada Therapeutics, trading under the symbol TRDA, faces a setback as the FDA continues the clinical hold on its IND application for ENTR-601-44, potentially delaying development and affecting investor confidence.
The FDA's decision to maintain the clinical hold on Entrada Therapeutics' IND application for ENTR-601-44 is a significant regulatory hurdle. This will likely delay the drug's development timeline, which can negatively impact the company's projected revenues and growth prospects in the short term. Investors may react negatively to this news, leading to a potential decrease in the stock price.
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IMPORTANCE 90
RELEVANCE 100