Longeveron shares are trading higher after the company announced that the FDA granted Fast Track designation to Lomecel-B for the treatment of mild Alzheimer's Disease.
Portfolio Pulse from Benzinga Newsdesk
Longeveron shares are trading higher after the company announced that the FDA granted Fast Track designation to Lomecel-B for the treatment of mild Alzheimer's Disease.
July 17, 2024 | 12:05 pm
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POSITIVE IMPACT
Longeveron shares are trading higher following the FDA's Fast Track designation for Lomecel-B, aimed at treating mild Alzheimer's Disease.
The FDA's Fast Track designation is a significant regulatory milestone that can expedite the development and review process of Lomecel-B. This positive news is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100