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Why Is Precigen Stock Surging On Friday?
Why it may matterVerify against the original reporting
The full FDA approval signifies significant clinical success, similar to past biotech gains post-approval.
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FDA approves Precigen's Papzimeos for recurrent respiratory papillomatosis (RRP). Papzimeos is the first FDA-approved treatment for adults with RRP. 51% of patients achieved complete response, lasting over 12 months. Precigen will start promoting Papzimeos immediately following the approval. PGEN stock rose 44.32% to $2.67 in premarket trading.
- FDA approves Precigen's Papzimeos for recurrent respiratory papillomatosis (RRP).
- Papzimeos is the first FDA-approved treatment for adults with RRP.
- 51% of patients achieved complete response, lasting over 12 months.
- Precigen will start promoting Papzimeos immediately following the approval.
- PGEN stock rose 44.32% to $2.67 in premarket trading.
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