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Biotech Stocks Facing FDA Decision In December 2022

TG Therapeutics
TG Therapeutics

TG Therapeutics Inc.’s (TGTX) Ublituximab, proposed for the treatment of patients with relapsing forms of multiple sclerosis, is at the FDA altar, with a decision due on December 28, 2022.

Ublituximab, previously known as TG-1101, is an investigational glycoengineered monoclonal antibody that works by targeting CD20, a protein expressed on the surface of B cells. As you may be aware that B cells are a type of white blood cell and they are said to play a role in the pathogenesis of multiple sclerosis.

The company sees a blockbuster market opportunity for Ublituximab, if approved.

TGTX closed Friday’s trading at $8.11, down 0.73%.