Apellis rocked by retinal vasculitis reports linked to Syfovre
US biopharma Apellis (Nasdaq: APLS) closed 38% lower following Monday’s trading.
This follows the company’s receipt of reports of six events of retinal vasculitis following treatment with Syfovre (pegcetacoplan injection), Apellis’ drug for geographic atrophy (GA).
A targeted C3 therapy, it was approved by the US Food and Drug Administration in February for GA secondary to age-related macular degeneration.
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