Grifols Subsidiary GigaGen Receives FDA Clearance Of IND To Begin Phase 1 Trial Of Oncology Drug Candidate, GIGA-564, In Solid Tumors
Portfolio Pulse from Benzinga Newsdesk
GigaGen, a subsidiary of Grifols, has received FDA clearance to begin a Phase 1 trial of its oncology drug candidate, GIGA-564, for the treatment of solid tumors.
December 12, 2023 | 1:15 pm
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Grifols' subsidiary GigaGen has been cleared by the FDA to initiate Phase 1 trials for GIGA-564, potentially boosting Grifols' oncology portfolio.
FDA clearance for a new drug trial is a positive development for Grifols, as it advances the company's oncology pipeline and could lead to future revenue if the drug is successful. This news is likely to be viewed positively by investors, potentially leading to a short-term increase in Grifols' stock price.
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