FDA no deals hammerblow to Belgium's UCB
A regulatory rebuff in the USA has hampered Brussels, Belgium-based biotech UCB (Euronext: UCB) in its quest to market bimekizumab in plaque psoriasis.
Shares in the company were down nearly a fifth on Friday, after it was revealed that the US Food and Drug Administration had sent the firm a Complete Response Letter (CRL) regarding its submission.
The delay comes on top of a prior deferral, in October 2021, with the FDA at that time blaming COVID-19-related travel restrictions for its inability to reach a verdict.
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