financetom
Business
financetom
/
Business
/
Atara Biotherapeutics Files Biologics License Application for Tabelecleucel with FDA; Shares Rise
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Atara Biotherapeutics Files Biologics License Application for Tabelecleucel with FDA; Shares Rise
May 20, 2024 9:11 AM

11:57 AM EDT, 05/20/2024 (MT Newswires) -- Atara Biotherapeutics ( ATRA ) said Monday it has filed a biologics license application with the US Food and Drug Administration for tabelecleucel, or tab-cel, to treat patients with Epstein-Barr virus positive post-transplant lymphoproliferative disease.

The application is supported by data from trials covering more than 430 patients with multiple life-threatening diseases, with the latest study showing a statistically significant 48.8% objective response rate and a favorable safety profile consistent with previous analyses, the company said.

The FDA has previously granted the immunotherapy targeting virus-infected cells a breakthrough therapy designation and an orphan drug designation, it said.

If approved, the company said tab-cel would be the first approved therapy for the disease in the US.

The FDA's acceptance of the BLA will prompt a $20 million milestone payment to Atara by its partner Pierre Fabre Laboratories, and an additional $60 million upon approval, Atara said.

Tab-cel was granted marketing authorization under the brand name Ebvallo by the European Commission in 2022, by the Medicines and Healthcare Products Regulatory Agency in the UK in 2023, and by Swissmedic in Switzerland just this month, according to Atara.

Shares of Atara climbed nearly 5% in recent trading.

Price: 0.65, Change: +0.04, Percent Change: +5.74

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Flow Capital Plans Normal Course Issuer Bid For Common Shares
Flow Capital Plans Normal Course Issuer Bid For Common Shares
Nov 28, 2024
05:18 PM EST, 11/28/2024 (MT Newswires) -- Flow Capital ( AHFCF ) after trade Thursday said it plans to start a normal course issuer bid to buy back up to nearly 2.3 million of its shares, about 10% of its public float. The buyback will start on Dec. 2, and end by Dec. 1, 2025, unless the company buys all...
Soccer-Man United win, Spurs draw with Roma, Lazio held
Soccer-Man United win, Spurs draw with Roma, Lazio held
Nov 28, 2024
ROME, Nov 28 (Reuters) - Manchester United ( MANU ) came from behind to beat Bodo/Glimt 3-2 in the Europa League on Thursday, Spurs conceded late to draw 2-2 with AS Roma and leaders Lazio were held to a scoreless draw by Ludogorets. Athletic Bilbao enjoyed an easy win over Elfsborg and Eintracht Frankfurt beat Midtjylland to draw level on...
MTL Cannabis Fiscal 2Q Profit Drops Despite Higher Revenue
MTL Cannabis Fiscal 2Q Profit Drops Despite Higher Revenue
Nov 28, 2024
04:55 PM EST, 11/28/2024 (MT Newswires) -- MTL Cannabis ( MTLNF ) reported after close Thursday its fiscal second-quarter fell despite higher revenue. The company said it earned $1.25 million in the quarter ended Sept.30, down from $3.4 million in the year-prior period. Revenue rose 8.8% to $20.87 million from $19.18 million. We are immensely proud of our ... results...
Soccer-Man United edge past Bodo/Glimt, Spurs held by Roma
Soccer-Man United edge past Bodo/Glimt, Spurs held by Roma
Nov 28, 2024
MANCHESTER, England, Nov 28 (Reuters) - Manchester United ( MANU ) came from behind to beat Bodo/Glimt 3-2 in the Europa League and secure their first victory under new manager Ruben Amorim as Tottenham Hotspur were held to a 2-2 draw by AS Roma on Thursday. United went ahead inside the first minute thanks to a howler from keeper Nikita...
Copyright 2023-2026 - www.financetom.com All Rights Reserved