Orgenesis shares soar 19% premarket as FDA gives orphan status to insulin tech [MarketWatch]
Orgenesis Inc. (ORGS)
NASDAQ:AMEX Investor Relations:
orgenesis.com
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Source: MarketWatch
Orgenesis shares soar 19% premarket after FDA grants orphan designation to insulin tech Orgenesis Inc. shares ORGS, -1.83% soared 19% in premarket trade Monday, after the U.S. Food and Drug Administration granted Orphan Drug Designation to the company's Autologous Insulin Producing cells as a cell replacement therapy for the treatment of severe hypoglycemia-prone diabetes resulting from total pancreatectomy, caused by chronic pancreatitis. Orgenesis has an exclusive license for the technology from Israel's Tel Hashomer Medical Research Infrastructure and Services Ltd., that is based on the work of Professor Sarah Ferber, the company's chief scientific officer and a researcher at THM. Patients who have total pancreatectomy always suffer from diabetes, which results in lifelong insulin-dependence with the loss of endogenous insulin secretion and that of the counter-regulatory hormone, glucagon. Shares have fallen 8% in 2019, while the S&P 500 SPX, -0.16% has gained 15%.
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News
- Orgenesis Provides Year End Business Update [Yahoo! Finance]Yahoo! Finance
- Orgenesis Provides Year End Business UpdateGlobeNewswire
- Germfree and Orgenesis Announce Asset Purchase and Strategic Partnership Intended to Revolutionize Cell and Gene Therapy Through Decentralized Production and Global Accessibility [Yahoo! Finance]Yahoo! Finance
- Germfree and Orgenesis Announce Asset Purchase and Strategic Partnership Intended to Revolutionize Cell and Gene Therapy Through Decentralized Production and Global AccessibilityGlobeNewswire
- Vered Caplan, CEO of Orgenesis, to Present at the Bioprocessing Summit Europe Conference [Yahoo! Finance]Yahoo! Finance
ORGS
Sec Filings
- 5/15/24 - Form NT
- 5/6/24 - Form ARS
- 5/6/24 - Form DEFA14A
- ORGS's page on the SEC website