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Stock impact report

Caladrius Biosciences Plans to Assess its CLBS119 Cell Therapy for Repair of COVID-19 Induced Lung Damage

Caladrius Biosciences, Inc. (CLBS) 
Last caladrius biosciences, inc. earnings: 11/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: caladrius.com/investors/overview
Company Research Source: GlobeNewswire
BASKING RIDGE, N.J., April 23, 2020 (GLOBE NEWSWIRE) -- Caladrius Biosciences, Inc. (Nasdaq: CLBS) (“Caladrius” or the “Company”), a clinical-stage biopharmaceutical company dedicated to the development of cellular therapies designed to reverse, not manage, disease today announced that the U.S. Food and Drug Administration (“FDA”) has authorized its investigational new drug (“IND”) application for the study of CLBS119, a CD34+ cell therapy for repair of COVID-19 induced lung damage. The study will target patients with severe SARS-CoV-2 infection that required ventilatory support due to respiratory failure. “We appreciate the FDA’s expeditious review and approval of the IND for CLBS119.  Early reports indicate that many of the survivors of COVID-19 that required ventilatory support remain debilitated due to the lung injury sustained as a result of the virus. COVID-19 appears to damage the vasculature of the lungs and repair of that vasculature will be necessary for patients to achie Show less Read more
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