Fate Therapeutics, Inc.’s (FATE - Free Report) shares were up 19% after the company announced that it has received Fast Track designation from the FDA for ProTmune for the reduction of incidence and severity of acute graft-versus-host disease (GvHD) in patients undergoing allogeneic hematopoietic cell transplantation (HCT).
We note that the FDA grants Fast Track status to facilitate the development and quicken the review process for the candidates that are being developed for the treatment of serious conditions that have an unmet medical need.
Currently, Fate is evaluating ProTmune in an open-label phase I/II study for the prevention of acute GvHD and cytomegalovirus infection.
Additionally, the company announced that it has started enrolling patients in a multi-center, randomized, controlled phase I/II study evaluating ProTmune for the treatment of adults suffering from hematologic malignancies.
According to the Center for International Blood and Marrow Transplant Research, every year about 30,000 allogeneic HCT procedures are performed globally on patients afflicted with acute GvHD. Given the absence of FDA-approved preventive therapies, there remains a strong unmet need for drugs for the treatment of acute GvHD in patients undergoing HCT.
Fate is a Zacks Rank #3 (Hold) stock. Some better-ranked stocks in the health care sector include ANI Pharmaceuticals, Inc. (ANIP - Free Report) and Retrophin, Inc. – both sporting a Zacks Rank #1 (Strong Buy) and Acorda Therapeutics, Inc. – carrying a Zacks Rank #2 (Buy).
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Fate Therapeutics, Inc.’s (FATE - Free Report) shares were up 19% after the company announced that it has received Fast Track designation from the FDA for ProTmune for the reduction of incidence and severity of acute graft-versus-host disease (GvHD) in patients undergoing allogeneic hematopoietic cell transplantation (HCT).
We note that the FDA grants Fast Track status to facilitate the development and quicken the review process for the candidates that are being developed for the treatment of serious conditions that have an unmet medical need.
Currently, Fate is evaluating ProTmune in an open-label phase I/II study for the prevention of acute GvHD and cytomegalovirus infection.
Additionally, the company announced that it has started enrolling patients in a multi-center, randomized, controlled phase I/II study evaluating ProTmune for the treatment of adults suffering from hematologic malignancies.
According to the Center for International Blood and Marrow Transplant Research, every year about 30,000 allogeneic HCT procedures are performed globally on patients afflicted with acute GvHD. Given the absence of FDA-approved preventive therapies, there remains a strong unmet need for drugs for the treatment of acute GvHD in patients undergoing HCT.
Fate is a Zacks Rank #3 (Hold) stock. Some better-ranked stocks in the health care sector include ANI Pharmaceuticals, Inc. (ANIP - Free Report) and Retrophin, Inc. – both sporting a Zacks Rank #1 (Strong Buy) and Acorda Therapeutics, Inc. – carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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