Mystery biotech Emmaus grabs groundbreaking FDA panel backing for sickle cell drug — after quietly scrapping $225M deal
A little-known biotech out of Torrance, CA is one big step closer to winning the first new drug approval for sickle cell disease in close to 20 years. And it has achieved precious little attention for its years-long clinical odyssey with the drug — or the $225 million deal it just quietly scuttled days ago.
Emmaus Life Sciences won an FDA panel vote favoring an approval by 10-3, setting it on a course for an odds-on approval by the PDUFA date of July 7. The breakthrough win comes just days after Emmaus filed documents with the SEC saying that it had called off a move to sell a majority interest in the company to Generex for $10 million in cash plus $215 million in stock.
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