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Benzinga
Benzinga
Business
Henry Khederian

Mustang Bio (MBIO) Stock Explodes 260% After FDA Grants Key Cancer Drug Designation

FDA Mustang Cancer
Genetic,Research,And,Biotech,Science,Concept.,Human,Biology,And,Pharmaceutical

Mustang Bio Inc (NASDAQ:MBIO) shares are trading sharply higher Monday afternoon. The company earlier saw a positive development as the FDA granted Orphan Drug Designation to its cell therapy candidate, MB-101. Here’s what investors need to know.

What To Know: This designation is for the treatment of aggressive brain cancers, including recurrent diffuse and anaplastic astrocytoma and glioblastoma.

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