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The Economic Times
The Economic Times
Business

US stocks: Capricor shares 77% soar as potential FDA lifeline revives Duchenne drug hopes

FDA Capricor United States Capricor Therapeutics

Capricor Therapeutics shares surged 77% ​on Friday after the company said the U.S. health regulator ​is willing to review new data on its experimental Duchenne muscular dystrophy drug.

The stock had crashed last month after an FDA advisory panel voted nine-to-three against the effectiveness data of ‌the drug, deramiocel.

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