Why Capricor Therapeutics Stock Is Soaring Tuesday
Portfolio Pulse from Adam Eckert
Capricor Therapeutics Inc (NASDAQ:CAPR) shares surged after announcing plans to file a biologics license application for Deramiocel, targeting Duchenne muscular dystrophy cardiomyopathy. The stock has gained over 55% in a week, bolstered by a European expansion deal and positive analyst ratings.

September 24, 2024 | 2:05 pm
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Capricor Therapeutics shares rose significantly after announcing plans to file a BLA for Deramiocel, targeting DMD cardiomyopathy. The stock is up over 55% in a week, supported by a European expansion deal and positive analyst ratings.
The announcement of filing a BLA for Deramiocel, a potential treatment for DMD cardiomyopathy, is a significant milestone for Capricor. The lack of approved therapies for this condition and the FDA's support for rare disease treatments enhance the potential for approval. The recent European expansion deal and positive analyst ratings further boost investor confidence, leading to a substantial increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100