Cerus Updates On INTERCEPT RBC Programs In US And Europe; To Now Receive Additional Support From BARDA Through New Contract Valued At Up To $248M
Portfolio Pulse from Benzinga Newsdesk
Cerus Corporation announced updates on its INTERCEPT RBC programs in the US and Europe. The company will receive additional support from BARDA through a new contract valued at up to $248 million. However, the CE Mark review in Europe concluded without approval, and Cerus is assessing its strategy for future filings.
October 16, 2024 | 8:02 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Cerus Corporation will receive up to $248 million in support from BARDA for its INTERCEPT RBC programs, but faces a setback in Europe as the CE Mark review concluded without approval.
The additional funding from BARDA is a positive development for Cerus, providing financial support for its INTERCEPT RBC programs. However, the lack of CE Mark approval in Europe is a setback, potentially delaying market entry and affecting revenue prospects. The mixed news results in a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100