Capricor: Additional Deramiocel Data Bodes Well For Initiated Rolling BLA Submission
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Capricor Therapeutics has initiated a rolling BLA submission for Deramiocel, targeting Duchenne Muscular Dystrophy Cardiomyopathy, with completion expected by the end of 2024. Promising 3-year data from the HOPE-2 OLE study shows significant improvements in cardiac and skeletal muscle functions. The company raised $86.3 million in a public offering, securing funds to operate into 2027, excluding potential milestone payments from Nippon Shinyaku.
December 06, 2024 | 1:15 pm
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Capricor Therapeutics has initiated a rolling BLA submission for Deramiocel, with promising data from the HOPE-2 OLE study. The company raised $86.3 million, ensuring operations are funded into 2027.
The initiation of the rolling BLA submission and the promising data from the HOPE-2 OLE study are positive indicators for Capricor's future prospects. The successful public offering, raising $86.3 million, provides a strong financial position, reducing immediate financial risks and supporting continued operations. These factors are likely to positively impact the stock price in the short term.
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