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Why is Capricor Therapeutics' stock moving today?

TrialRead the original at Benzinga
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Capricor reported slower arm-function loss after patients began Deramiocel, but FDA staff said the combined studies do not show substantial evidence that it works. That concern outweighs the encouraging extension results and weakens the approval case.

CAPR · Capricor Therapeutics Inc.

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That leaves the approval case weaker. FDA staff said the HOPE-3 results, read with HOPE-2, do not show substantial evidence that Deramiocel works. A July panel also voted 9-3 that the evidence was insufficient and cited changes to key analyses after the trial ended. The extension results point the other way: arm-function loss slowed in the delayed-start group after it began treatment, and the early-start group’s scores changed little between years. But the FDA’s concerns about whether the combined studies prove the drug works carry greater weight as its decision approaches on November 22.

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