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Biotech Stocks Facing FDA Decision in August 2023

Regeneron Pharmaceuticals
Regeneron Pharmaceuticals

Regeneron Pharmaceuticals Inc.’s (REGN) Pozelimab, an investigational fully human monoclonal antibody designed to block the activity of complement factor C5, a protein involved in complement system activation, awaits the FDA decision on August 20, 2023.

Pozelimab is proposed as a treatment for adults and children as young as 1 year of age with CHAPLE disease.

CHAPLE disease, also known as CD55 deficiency with Hyperactivation of complement, Angiopathic thrombosis and Protein Losing Enteropathy, is an ultra-rare and life-threatening hereditary immune disease, driven by an overactivation of the complement system.

There are currently no approved treatments for CHAPLE disease.

REGN closed Friday’s (Jul.28, 2023) trading at $746.10, up 0.19%.