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AUTL Autolus Therapeutics PLC

3.80
0.00 (0.00%)
Pre Market
Last Updated: 09:00:00
Delayed by 15 minutes
Name Symbol Market Type
Autolus Therapeutics PLC NASDAQ:AUTL NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 3.80 3.75 4.21 0 09:00:00

Cabaletta Bio Down as FDA Looks Into Issues With Several Companies' Approved CAR T Drugs

28/11/2023 7:59pm

Dow Jones News


Autolus Therapeutics (NASDAQ:AUTL)
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From Oct 2023 to Apr 2024

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By Josh Beckerman

 

Cabaletta Bio shares were down 32% to $12.72 after the U.S. Food and Drug Administration said it is looking into reports of T-cell malignancies in patients who received treatment with BCMA- or CD19-directed autologous CAR T cell immunotherapies.

Cantor Fitzgerald analyst Josh Schimmer also mentioned Gracell Biotechnologies and Autolus Therapeutics as stocks that were "obviously" down in connection with the FDA's announcement. Gracell was recently down 17% to $4.46 while Autolus declined 11% to $4.50. Schimmer said the FDA investigation is "Likely a Storm in A Tea Cup."

The FDA lists several approved products in the category, such as Yescarta from Gilead Sciences. It said "the overall benefits of these products continue to outweigh their potential risks for their approved uses."

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

November 28, 2023 14:44 ET (19:44 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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