Rocket Pharmaceuticals Faces Setback with FDA Trial Hold

Published 1 days agoRCKT

Rocket Pharmaceuticals Faces Setback with FDA Trial Hold

Rocket Pharmaceuticals recently faced a significant setback when the FDA imposed a hold on its mid-stage clinical trial following the death of a trial participant. This pause is meant to give time for a comprehensive investigation into the unfortunate incident.

The impact of this development was immediately reflected in the company's stock, which saw a notable decline. Investors reacted swiftly to the news, reflecting concerns over the suspension and the potential delays it could cause in the company's efforts to advance its treatments.

Rocket Pharmaceuticals has stated that it is working closely with the FDA to address the issues that have arisen and is focused on resuming the trial as soon as possible. This event is not isolated, as similar holds have been placed in the past on trials from companies like Juno Therapeutics and Rapt Therapeutics, as reported by sources such as FierceBiotech and Reuters.

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