Why Biotech Stocks Are Celebrating This Nail-Biter
UniQure is preparing a licensing application for its AMT-130 gene therapy. This action follows a reversal by the FDA after a prior disagreement. Biotech stocks climbed on Wednesday following this news.
What changed
The current update confirms UniQure's intent to submit the AMT-130 application after an FDA reversal.
Live updates
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UniQure to File FDA Application for Huntington's Therapy
confidence 90%UniQure is preparing a licensing application for its AMT-130 gene therapy. This action follows a reversal by the FDA after a prior disagreement. Biotech stocks climbed on Wednesday following this news.
What's confirmed:
- UniQure plans to submit a licensing application to the FDA for its AMT-130 gene therapy targeting Huntington's disease.
- The FDA reversed a previous position following a dispute.
Still unconfirmed:
- Biotech stocks rose Wednesday due to the UniQure development.
- Biotech stocks gained over 75% after hitting a low in April due to acquisitions and clinical data.
- The biotech sector continues to trade at a discount.
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UniQure Stock Surges Following FDA Shift on Huntington's Gene Therapy
confidence 90%UniQure plans to submit a licensing application to the FDA for its AMT-130 gene therapy targeting Huntington's disease. The move follows a reversal by the agency after a previous dispute. Biotech stocks rose Wednesday as a result of this development.
What's confirmed:
- UniQure intends to seek FDA approval for its Huntington's disease gene therapy.
- The FDA reversed its previous position regarding the gene therapy treatment.
- UniQure shares experienced a significant price increase following the news.
- The treatment in question is identified as AMT-130.
Still unconfirmed:
- UniQure stock surged 81%.
- UniQure stock soared 78%.
- The FDA is giving CRL recipients another chance following the exit of Makary.