Abeona Therapeutics Provides Regulatory Update On Pz-cel; CRL Did Not Identify Deficiencies Related To Clinical Efficacy Or Clinical Safety Data In BLA, And No New Clinical Studies Requested By FDA To Support Approval
Portfolio Pulse from Benzinga Newsdesk
Abeona Therapeutics received a Complete Response Letter (CRL) from the FDA for its BLA of pz-cel, a treatment for RDEB. The CRL requests additional CMC information but does not identify clinical efficacy or safety issues. No new clinical studies were requested. Abeona plans to submit the required CMC information by Q3 2024 and has scheduled a conference call to discuss the CRL details.

April 22, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Abeona Therapeutics' BLA for pz-cel was delayed by the FDA due to additional CMC information requests, with no clinical efficacy or safety concerns raised. The company aims to resubmit in Q3 2024.
The FDA's request for additional CMC information without raising concerns about clinical efficacy or safety is a mixed signal. It delays the approval process, potentially impacting Abeona's stock in the short term due to uncertainty. However, the absence of efficacy or safety concerns and the company's commitment to resubmitting in a reasonable timeframe could mitigate negative impacts. Investors might view this as a temporary setback rather than a fundamental issue with the drug's approval prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100