
ImmuCell Puts Re-Tain On Pause After FDA Letter

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ImmuCell Corporation received an Incomplete Letter from the FDA for its Re-Tain NADA, leading the company to pause investment in Re-Tain and focus on its First Defense franchise. ImmuCell plans to license Re-Tain or partner with a global manufacturer. The company will expand its First Defense sales force and manufacturing capabilities, expecting a non-cash impairment write-down of $2.3 million. ImmuCell shares rose 1.73% in premarket trading.

