2seventy Bio shares are trading higher after the FDA Advisory Committee voted in favor of Abecma for triple-class exposed multiple myeloma in earlier lines of therapy.
Portfolio Pulse from Benzinga Newsdesk
2seventy Bio's stock is trading higher following a positive vote from the FDA Advisory Committee on using Abecma for triple-class exposed multiple myeloma in earlier therapy lines.
March 18, 2024 | 11:35 am
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2seventy Bio's shares are experiencing an uptick after the FDA Advisory Committee's favorable vote on Abecma for treating multiple myeloma in earlier therapy stages.
The positive vote from the FDA Advisory Committee is a significant regulatory milestone for 2seventy Bio, indicating a strong endorsement for Abecma's use in a broader patient population. This development is likely to boost investor confidence in the company's growth prospects, leading to an uptick in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100