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)
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