BEAM GAINS FDA REGENERATIVE MEDICINE ADVANCED THERAPY STATUS FOR SICKLE CELL TREATMENT
The U.S. FDA has issued Regenerative Medicine Advanced Therapy designation to Beam Therapeutics' (NASDAQ:BEAM) BEAM-101, a genetically modified cell therapy for sickle cell disease.
Shares are up ~4% in premarket trading Thursday.
The asset has previously been given orphan drug status in June.
BEAM-101 is intended as a one-time treatment.
Beam plans to release updated data from the BEACON Phase 1/2 trial by the end of the year.