Analysts Abandon Replimune: Stock Drops Sharply After Second FDA Rejection
Replimune shares plunged after the FDA issued a second rejection for its skin cancer drug RP1, prompting multiple analyst downgrades.
Replimune shares plunged after the FDA issued a second rejection for its skin cancer drug RP1, prompting multiple analyst downgrades.
FDA again rejects Replimune’s skin cancer drug RP1, saying studies don’t prove it works; shares halted, setback for company.
Replimune's RP1 melanoma treatment gets FDA acceptance for BLA resubmission with April 2026 review date. Wedbush upgrades stock to Outperform with $18 target as approval odds improve.
Replimune’s cancer drug, RP1, hit a snag after an FDA meeting. Quick approval is now unlikely due to regulatory uncertainty, causing the stock to drop sharply (39% Thursday). The company is seeking a new way forward for the melanoma treatment.