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Ceylad Gets FDA Nod to Begin Phase I Study on CAR T Candidate

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Shares of Celyad Oncology SA ((CYAD - Free Report) ) went up about 10.8% after it announced that the FDA cleared the investigational new drug (IND) application for its short hairpin RNA (shRNA)-based allogeneic candidate, CYAD-211, for the treatment of relapsed/refractory multiple myeloma (r/r MM). The phase I study for the candidate is expected to begin by the end of 2020. CYAD-211 targets B-cell maturation antigen (BCMA) protein/antigen and represents the company’s lead off-the-shelf product candidate based on differentiated non-gene edited allogeneic technology

However, shares of the company have gained 5.1% compared with the industry’s growth of 6.4%.

The company is developing several allogeneic (off-the-shelf) and autologous (personalized) CAR T cell therapy candidates for the treatment of both hematological malignancies and solid tumors.

There are a number of big pharmaceutical companies that are also developing CAR T Therapies. One such company is Gilead Sciences Inc. (GILD - Free Report) . Gilead is seeking approval for its CAR T therapy candidate, KTE-X19, for the treatment of adult patients with relapsed or refractory mantle cell lymphoma (MCL).

Novartis’ (NVS - Free Report) CAR T therapy drug, Kymriah, is also approved in the United States for B-cell precursor acute lymphoblastic leukemia (ALL) that is refractory or in second or later relapse.

 

Zacks Rank and Another Stock to Consider

Celyad currently carries a Zacks Rank #4 (Sell). A top-ranked stock in the biotech sector is Emergent Biosolutions Inc. (EBS - Free Report) , carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Emergent’s earnings per share estimates have increased from $3.18 to $4.03 for 2020 and from $3.32 to $4.31 for 2021 in the past 60 days.

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Gilead Sciences, Inc. (GILD) - free report >>

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Celyad SA (CYAD) - free report >>