By Ben Glickman

 

Shares of Caribou Biosciences rose after the company's lymphoma trial design was approved by the Food and Drug Administration.

The stock was up 4.1% to $5.88 in after-hours trading following a 1.9% drop at Tuesday's close. Shares are down 10% this year.

The Berkeley, Calif.-based gene-editing pharmaceutical company said it had received feedback from the FDA on its Phase 3 trial for CB-010, a treatment for large B cell lymphoma.

The company plans to initiate its Phase 3 trial by the end of 2024.

The trial design includes platinum-based immunochemotherapy, followed by high-dose chemotherapy and autologous stem cell transplantation.

Chief Executive Rachel Haurwitz said the FDA feedback was "an important step in advancing our lead therapy."

 

Write to Ben Glickman at ben.glickman@wsj.com

 

(END) Dow Jones Newswires

December 12, 2023 18:11 ET (23:11 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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