Capricor Shares Drop After FDA Rejection of DMD Cell Therapy
Originally Published 6 months ago — by Investor's Business Daily
Shares of Capricor Therapeutics dropped 33% after the FDA rejected its experimental drug deramiocel for treating cardiomyopathy in Duchenne muscular dystrophy, citing insufficient evidence of effectiveness and issues in manufacturing documentation. The company plans to continue testing with upcoming results from ongoing studies that could support future approval efforts.