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Stock impact report

4 years from clinic to approval — Precigen's ‘unprecedented' FDA nod and what comes next [Yahoo! Finance]

Precigen, Inc. (PGEN) 
Last precigen, inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
In the grand scheme of drug development, Precigen's recent approval for the immunotherapy Papzimeos was a long time coming. The condition Papzimeos treats — a rare, potentially deadly disease called recurrent respiratory papillomatosis — was discovered a century ago but has never had an approved drug. And Precigen, formerly known as Intrexon, chugged along for nearly three decades before finally getting a treatment across the finish line. But once the company kicked into clinical gear, the process was “rapid,” said Helen Sabzevari, Precigen's CEO. Trials started in 2021 , and despite pandemic-related slowdowns, the drug was ultimately approved just four years later. And although Papzimeos was once on a path to accelerated approval, which would require a post-market confirmatory trial, the FDA instead gave it a full nod. What's more, the August decision came almost two weeks earlier than the scheduled PDUFA date. “This is somewhat unprecedented,” Sabzevari said. The approval Show less Read more
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