Carisma Therapeutics Secures FDA Clearance Of IND Application For CT-0525, A Novel HER2-Targeting CAR-Monocyte
Portfolio Pulse from Benzinga Newsdesk
Carisma Therapeutics has received FDA clearance for its Investigational New Drug (IND) application for CT-0525, a novel HER2-targeting CAR-monocyte therapy. The company plans to begin a Phase 1 study soon and anticipates treating the first patient in the first half of 2024.
November 28, 2023 | 12:05 pm
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Carisma Therapeutics has obtained FDA approval for its IND application for CT-0525, which is expected to positively influence the company's stock as it progresses towards clinical trials.
FDA clearance of an IND application is a significant milestone for biotech companies, often leading to increased investor confidence and potential stock price appreciation. As Carisma Therapeutics moves closer to clinical trials, this development is likely to be viewed positively by investors in the short term.
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