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Ahead of hearing, FDA questions the efficacy of Capricor’s Duchenne drug

Capricor Therapeutics shares have plunged after FDA staff raised concerns regarding the efficacy and data of its Duchenne heart disease therapy.

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3825130Jul 27 16:29Jul 27 18:29 UTC

The brief

The FDA is questioning the efficacy and data associated with Capricor's therapy for Duchenne heart disease. These concerns were flagged by FDA staff ahead of a scheduled hearing.

Coverage from Reuters, STAT, and WTVB emphasizes the FDA's flags on the drug's efficacy. Following these reports, Reuters notes that company shares have plunged, while Yahoo Finance discusses whether the stock is now trading at a discount.

Attention remains on the upcoming hearing. Additionally, MarketBeat reports that stock traders have purchased a large volume of call options on Capricor Therapeutics (NASDAQ:CAPR).

Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated just now.

Quick answers

What is the FDA's primary concern regarding Capricor?

FDA staff have flagged concerns regarding the efficacy and data of the company's Duchenne heart disease therapy.

How has the market reacted to the FDA news?

Shares of Capricor Therapeutics have plunged, though MarketBeat reports a large volume of call options have been purchased by traders.

When did these concerns emerge?

The concerns were raised ahead of a scheduled hearing.

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