Fulcrum soars as the FDA lifts clinical hold on FTX-6058 for sickle cell disease

23 August 2023

Fulcrum Therapeutics (Nasdaq: FULC) saw its shares gain as much as 48.5% to $5.82 pre-market yesterday following an update from the US Food and Drug Administration (FDA).

Clinical-stage rare diseases biotech firm Fulcrum revealed that the FDA has lifted the clinical hold on the Investigational New Drug (IND) application for FTX-6058 for the potential treatment of sickle-cell disease (SCD).

The FDA placed the investigational new drug (IND) for FTX-6058 on clinical hold in February this year, at which time Fulcrum lost more than half its market capitalization.

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