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Biotech / Medical : 2022 Biotech Charity Contest

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From: Aloner11/17/2022 7:46:28 PM
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PRVB wins approval for Teplizumab, up over 11% AH:

The US FDA has granted approval to Provention Bio (NASDAQ: PRVB) for Tzield (teplizumab) to delay the onset of stage 3 of type 1 diabetes (T1D).The first-in-class medicine is given via intravenous infusion daily for 14 consecutive days.The therapy works by binding to specific immune system cells. It may also deactivate the immune cells that attack insulin-producing cells, while increasing the amount of cells that can moderate an immune response.Approval was based on the results of a placebo-controlled trial that showed over a median follow-up of 51 months, 45% of patients who received Tzield were later diagnosed with stage 3 T1D, compared to 72% of those on a placebo.Provention Bio ( PRVB) shares soared earlier in November after the FDA issued proposed labeling for teplizumab.
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