CRISPR Therapeutics Says FDA Grants RMAT Designation To CTX130
(RTTNews) - Biopharmaceutical company CRISPR Therapeutics (CRSP) announced Wednesday that the U.S. Food and Drug Administration (FDA) granted Regenerative Medicine Advanced Therapy (RMAT) designation to CTX130, the Company's wholly-owned allogeneic CAR T cell therapy targeting CD70, for the treatment of Mycosis Fungoides and Sézary Syndrome (MF/SS).
Established under the 21st Century Cures Act, RMAT designation is a dedicated program designed to expedite the drug development and review processes for promising pipeline products, including genetic therapies.
Similar to Breakthrough Therapy designation, RMAT designation provides the benefits of intensive FDA guidance on efficient drug development.
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Vertex Pharma Inks Licensing Agreement To Use CRISPR Therapeutics' Gene Editing Technology
Biotechnology company Vertex Pharmaceuticals, Inc. (VRTX) and gene editing company CRISPR Therapeutics, Inc. (CRSP) announced Monday that they have entered into a new non-exclusive licensing agreement for the use of CRISPR Therapeutics' gene editing technology, known as CRISPR/Cas9, to accelerate the development of Vertex's hypoimmune cell therapies for type 1 diabetes (T1D).
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Quaker Oats Recalls Pearl Milling Original Pancake & Waffle Mix
Quaker Oats Co., affiliated to food and beverage giant PepsiCo, Inc., is recalling select Pearl Milling Co. Original Pancake & Waffle Mix distributed in 11 states, citing the possible presence of undeclared milk, a known allergen. According to the U.S. Food and Drug Administration, the recall involves a limited number of two pound boxes of Pearl Milling Original Pancake & Waffle Mix.
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European Economic News Preview: UK GDP Data Due
GDP monthly estimates and foreign trade from the UK and final inflation from Germany are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. Economists forecast the economy to grow 0.2 percent on month in November, in contrast to the 0.1 percent fall in October.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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Bank Of Korea Unexpectedly Keeps Key Rate Unchanged
Bank of Korea unexpectedly maintained its key interest rate on Thursday despite political unrest intensifying downside risks to economic growth and increased volatility in the won exchange rate. After two back-to-back cuts, the Monetary Policy Board decided to hold the base rate at 3.00 percent, while markets widely expected a quarter-point reduction.
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European Shares Seen Broadly Lower At Open
European stocks are seen opening a tad lower on Thursday after a sharp rally in the previous session.
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Sensex, Nifty Modestly Higher In Cautious Trade
Indian shares opened on a positive note Thursday as investors cheered a soft U.S. inflation print and upbeat earnings from the likes of JPMorgan Chase, BlackRock, Goldman Sachs and Citigroup.
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Asian Markets A Sea Of Green
Asian stock markets are a sea of green on Thursday, following the broadly positive cues from Wall Street overnight, after data showing a slowdown in the annual rate of core consumer prices growth in the U.S. in December helped ease concerns about US Fed's interest rate trajectory. The currencies in the region also strengthened against the US dollar. Asian Markets closed mostly lower on Wednesday.
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