Biotech stocks jump as Makary outlines FDA vision, RBC comments

Baystreet
2025.04.21 20:31
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Biotech stocks surged following FDA Commissioner Dr. Marty Makary's announcement of a collaborative regulatory strategy aimed at expediting drug approvals and utilizing real-world data. Notable gains included Lexeo Therapeutics (+18.6%) and Dyne Therapeutics (+16.3%). RBC analyst Brian Abrahams praised Makary's balanced approach, suggesting it could benefit companies like Sarepta Therapeutics and PTC Therapeutics. The interview is seen as a positive shift for the biotech sector, potentially restoring investor confidence amid recent market challenges.