SLDB Stock Up as FDA Clears IND for SGT-212 in Friedreich's Ataxia
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Solid Biosciences' stock (SLDB) increased following the FDA's clearance of their gene therapy candidate, SGT-212, for clinical studies targeting Friedreich's ataxia.
January 08, 2025 | 4:45 pm
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Solid Biosciences' stock rose after the FDA approved their gene therapy candidate, SGT-212, for clinical trials in treating Friedreich's ataxia.
The FDA's clearance for SGT-212 is a significant milestone for Solid Biosciences, indicating potential progress in their treatment for Friedreich's ataxia. This regulatory approval is likely to boost investor confidence, leading to a positive short-term impact on SLDB's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100