Prime Medicine Announces FDA Clearance of Investigational New Drug (IND) Application for PM359 for the Treatment of Chronic Granulomatous Disease (CGD)
Portfolio Pulse from Benzinga Newsdesk
Prime Medicine, Inc. (NASDAQ:PRME) announced FDA clearance for its IND application for PM359, aimed at treating chronic granulomatous disease (CGD). This approval allows the initiation of a global Phase 1/2 clinical trial in the United States.
April 29, 2024 | 11:01 am
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FDA clearance for Prime Medicine's IND application for PM359 to treat CGD allows the company to start Phase 1/2 clinical trials in the US.
FDA clearance is a critical regulatory milestone for biotech companies, especially those involved in developing genetic therapies. This approval not only validates the company's research and development efforts but also significantly enhances its credibility and potential for future success. The initiation of Phase 1/2 clinical trials is a positive development that could lead to increased investor confidence and potentially positive stock price movement in the short term.
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