Imugene Shares Surge 11% on Key FDA Fast Track Approval

Wed 19 Mar 25, 01:37 AM | Team Kalkine

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Highlights

Shares of Imugene Ltd (ASX:IMU) soared on Wednesday, gaining 11% to 3.9 cents after the clinical-stage immuno-oncology company secured a major regulatory milestone in the United States. The rally comes despite broader market weakness, with the All Ordinaries Index falling 0.4% in early trade.

Investors flocked to Imugene after the company announced that the US Food and Drug Administration (FDA) has granted Fast Track Designation to its allogeneic CAR T-cell therapy, azer-cel (azercabtagene zapreleucel) for the treatment of relapsed or refractory diffuse large B-cell lymphoma (DLBCL).

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