FibroGen Reports Data From Fortis Therapeutics-Sponsored Phase 1 Study Of FG-3246
Portfolio Pulse from Benzinga Newsdesk
FibroGen reported positive data from a Phase 1 study of FG-3246, sponsored by Fortis Therapeutics, showing significant PSA reductions and partial tumor responses in patients. The company plans to discuss further development with the FDA, aiming to initiate Phase 2 in the second half of 2024.
April 02, 2024 | 9:50 pm
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FibroGen's positive Phase 1 study results for FG-3246 indicate potential for future development and regulatory milestones, with plans for Phase 2 initiation.
The positive data from the Phase 1 study of FG-3246, including significant PSA reductions and partial tumor responses, are likely to be viewed positively by investors. The company's intention to meet with the FDA and initiate Phase 2 in the second half of 2024 suggests a clear development pathway and potential for future growth. This news could lead to increased investor confidence and a positive short-term impact on FibroGen's stock price.
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