tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

H.C. Wainwright still confident in approval of Agios’ Pyrukynd despite delay

After Agios Pharmaceuticals (AGIO) announced that the FDA has extended the PDUFA goal date for the supplemental New Drug Application for Pyrukynd in adult patients with non-transfusion-dependent and transfusion dependent alpha- or beta-thalassemia by three months to a new action date of December 7, H.C. Wainwright noted that a Risk Evaluation and Mitigation Strategy drug safety program approval is an iterative process and PFUDA delays in such cases are “not uncommon.” The firm, which remains confident in FDA approval by the new PDUFA date, has a Buy rating and $56 price target on Agios shares.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1