FastMarket.news

Capricor Therapeutics Awaits FDA Review for Duchenne Therapy

Published 1 days agoCAPR
Capricor Therapeutics Awaits FDA Review for Duchenne Therapy

Capricor Therapeutics is currently waiting for an important decision from the FDA regarding their Duchenne muscular dystrophy treatment, deramiocel. As of March 4, 2025, the FDA has granted Priority Review status to Capricor's Biologics License Application for deramiocel, which sets the stage for a potential decision by August 31, 2025. This cell therapy focuses on treating cardiomyopathy, a common, severe complication in DMD patients.


Key clinical trial data has shown that deramiocel could significantly impact the progression of DMD-related cardiac issues. The company has also secured Orphan Drug Designation in both the United States and Europe, along with other crucial regulatory statuses that highlight the therapy's potential impact in these territories. Capricor has aligned with Nippon Shinyaku for future commercialization in the U.S. and Japan, pending regulatory approvals.


Market-wise, Capricor's stock performance recently faced a setback. By the latest report, shares were valued at $10.50, representing a $1.36 drop from previous levels, as noted by Reuters. Despite the fluctuations, ongoing developments with deramiocel's regulatory progress remain a core focus for investors and stakeholders.

Share this article

Recent Articles

Novo Nordisk Reports Solid Q1 Profits, Adjusts 2025 Forecast

Novo Nordisk Reports Solid Q1 Profits, Adjusts 2025 Forecast

17 minutes agoNVO

Novo Nordisk has announced an impressive 18% jump in sales for the first quarter, marking a significant achievement for the pharmaceutical company known for its obesity treatments. The operating profit reached 38.79 billion Danish crowns, equivalent to $5.90 billion, reflecting a 22% increase compared to the previous year. This financial success underscores the company's strong market presence and product demand, as reported by Reuters. In light of recent performance, Novo Nordisk has revised its 2025 sales growth outlook to a range of 13% to 21%, which is a downshift from the earlier projection of 16% to 24%. Similarly, the operating profit growth forecast has been adjusted to 16% to 24%, compared to the previously estimated 19% to 27%. This revision comes amidst growing competition from compounded GLP-1 drugs in the U.S., affecting the market penetration of Novo Nordisk’s branded treatments. CEO Lars Fruergaard Jørgensen addressed these changes, acknowledging the company's robust performance while highlighting market challenges that influenced the updated forecasts. Despite facing increased competitive pressures, Novo Nordisk remains focused on maintaining growth in its core areas and adapting its strategies to the evolving landscape.

Seagate Boosts Hard Drive Capacity to Meet AI Demands

Seagate Boosts Hard Drive Capacity to Meet AI Demands

32 minutes agoSTX

Seagate Technology Holdings plc has announced its plans to enhance hard drive capacities significantly to cater to the burgeoning needs of artificial intelligence (AI) applications. Recently, the company introduced 36 terabyte (TB) hard drives, utilizing its Mozaic 3+ technology platform based on heat-assisted magnetic recording (HAMR), as reported on Seagate's investor site. Seagate is also charting an ambitious roadmap to push drive capacities further: aiming for 50 TB by 2026 and reaching 100 TB by 2030. Additionally, plans are underway to develop 120 TB hard drives thereafter, according to Anandtech. The HAMR technology at the core of these advancements allows for higher data densities, with the Mozaic 3+ platform currently achieving over 3 TB per platter, and expansions to 4–5 TB per platter expected soon. In response to these developments, leading cloud service providers are adopting Seagate’s high-capacity drives to handle AI workloads effectively. Notably, Dell Technologies intends to integrate Seagate’s 32 TB drives into their high-density storage systems. A survey highlighted on Seagate's investor page indicates that 61% of organizations anticipate their cloud storage needs to double by more than 100% by 2028, propelling further demand for such high-capacity solutions.

Amazon's Zoox to Accelerate Robotaxi Production in U.S.

Amazon's Zoox to Accelerate Robotaxi Production in U.S.

47 minutes agoAMZN

Amazon's Zoox is gearing up to ramp up its robotaxi production with a significant expansion planned for 2026. This move is part of Zoox's broader strategy to launch its self-driving fleet commercially across the United States. A new manufacturing facility is slated to open in California's Bay Area, augmenting its existing Fremont operations. This expansion aims to enable the production of hundreds, and eventually thousands, of the company's unique robotaxis, which are being rolled out without steering wheels, as reported by the Financial Times. Currently, Zoox is operating about two dozen of these custom-designed vehicles in six American cities, with public ride services expected to debut later this year in Las Vegas, followed by a launch in San Francisco. This operational phase aligns with the U.S. government's efforts to relax regulations surrounding autonomous vehicles, facilitating quicker deployment on public roads. Zoox's strategic timing comes in light of mounting competition from companies like BYD, Waymo, and Tesla. Tesla is prepping for mass production of self-driving taxis next year, joining Waymo, which already offers a full public service. Since Amazon acquired Zoox for $1.3 billion in 2020, the company has expanded to around 2,500 employees and leased a sizable office space in Foster City, California. Despite facing a minor collision incident recently in Las Vegas, which prompted a temporary vehicle recall to update its software, Zoox has resumed testing, underscoring its commitment to maintaining safety and advancing its commercial ambitions.

Forrester Projects Surge in Global Tech Spending by 2025

Forrester Projects Surge in Global Tech Spending by 2025

1 hours agoFORR

Forrester Research has revealed substantial progress in artificial intelligence, projecting a growth in global technology spending of 5.6% in 2025. This increase is expected to bring the total to $4.9 trillion, up from $4.7 trillion in 2024, driven by the swift adoption of software, IT services, generative AI, and cloud technologies. The AI software market, a significant contributor to this growth, is anticipated to double from $33 billion in 2021 to $64 billion by 2025, according to Forrester. This growth rate surpasses that of the broader software market, as investments in AI-enhanced software and applications expand. Despite these investments, Forrester notes a potential shift in how enterprises approach generative AI projects, with likely reductions in large-scale initiatives in favor of more focused efforts due to challenges in ROI. Forrester's insights highlight how quickly AI technologies are evolving and influencing tech spending globally. Meanwhile, Forrester Research Inc.'s stock price stands at $9.72, with minimal change from the previous day, showcasing its stabilizing position in the market amidst these technological advancements, as reported by The Hindu Business Line.