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GRCL Gracell Biotechnologies Inc

10.25
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Gracell Biotechnologies Inc NASDAQ:GRCL NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 10.25 10.25 10.00 0 01:00:00

Gracell Shares Higher on FDA New Drug App Approval

03/02/2023 6:05pm

Dow Jones News


Gracell Biotechnologies (NASDAQ:GRCL)
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From May 2022 to May 2024

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By Sabela Ojea

 

Shares of Gracell Biotechnologies Inc. jumped Friday after the company said the U.S. Food and Drug Administration approved its investigational new drug application to treat a type of cancer targeting plasma cells.

At 12:35 p.m. ET, shares were up 8% at $2.30.

The China-based clinical-stage biopharmaceutical company said it can now initiate a Phase 1b/2 clinical trial for its therapeutic candidate FasTCAR-T GC012F, which targets relapsed or refractory multiple myeloma.

Relapsed or refractory multiple myeloma occurs when cancer of the plasma cells returns or doesn't respond to treatment.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

February 03, 2023 12:50 ET (17:50 GMT)

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

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