Replimune Stock Surges 105% on FDA Acceptance of Melanoma Therapy Application
Replimune Group Inc. (REPL) shares more than doubled after the FDA accepted its resubmitted Biologics License Application for RP1+nivolumab combination therapy in advanced melanoma. The regulatory agency set a Prescription Drug User Fee Act date of April 2026, triggering a market rally that saw the biotech firm's valuation leap.
The company addressed previous FDA concerns through additional data submissions, marking a critical milestone for the novel skin cancer treatment. CEO Sushil Patel emphasized the therapy's strong risk-benefit profile for patients failing PD-1 inhibitors, a population with limited treatment options.