Replimune Climbs on Report of Makary's Possible Ouster From FDA

Dow Jones
13 hours ago
 

By Dean Seal

 

Shares of Replimune jumped after The Wall Street Journal reported that President Trump plans to fire Food and Drug Administration Commissioner Marty Makary, citing people familiar with the matter.

The biotech company's shares tumbled last month after the FDA rejected, for the second time, Replimune's application for approval of its advanced melanoma drug. Makary defended the rejection in an interview with CNBC earlier this month.

Replimune's stock rose 20%, to $4.01, on Friday afternoon. Shares are still down 59% since the start of the year.

Regulators initially tossed the application in July, saying there was insufficient evidence that the drug alone could explain the results from the trial cited in the application. Replimune reapplied in October with additional early data from the trial.

Replimune criticized the FDA's second rejection, saying the agency's review was marked by inconsistencies and poor communication.

 

Write to Dean at dean.seal@wsj.com

 

(END) Dow Jones Newswires

May 08, 2026 15:26 ET (19:26 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10