Why Akcea Therapeutics Rocketed Higher Today [The Motley Fool]
AKCEA THERAPEUTICS (AKCA)
Last akcea therapeutics earnings: 2/25 04:05 pm
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Source: The Motley Fool
An FDA advisory committee endorsed the biotech's lead drug, but an approval is far from a slam dunk. Brian Orelli ( TMFBiologyFool ) May 11, 2018 at 12:13PM What Shares of Akcea Therapeutics ( NASDAQ:AKCA ) are up 13% at 11:33 a.m. EDT today after the Food and Drug Administration's Metabolism and Endocrinology Products Advisory Committee voted 12-8 recommending the approval of Waylivra for a rare genetic disease called familial chylomicronemia syndrome (FCS). As typically happens for smaller biotechs, shares of Akcea were halted yesterday since the meeting was likely to cause volatility. Ionis Pharmaceuticals ( NASDAQ:IONS ) , Akcea's majority owner and the developer of Waylivra, is up 4.4% on the news as well. So what A 12-8 vote isn't exactly a ringing endorsement, but it was pretty clear from the FDA documents for the committee, wh
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