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CBLI rises on encouraging US FDA report on radiation drug

 
• By Donna Young

Shares of Cleveland BioLabs got an 8% bounce on 10 September on word the US FDA was in agreement with the firm's proposed pivotal animal efficacy studies for Entolimod (CBLB502) as a radiation countermeasure and also accepted the company’s recently concluded good laboratory practice non-human primate study as part of the pivotal program.

Shares of Cleveland BioLabs got an 8% bounce on 10 September on word the US FDA was in agreement with the firm's proposed pivotal animal efficacy studies for Entolimod (CBLB502) as a radiation countermeasure and also accepted the company’s recently concluded good laboratory practice non-human primate study as part of the pivotal program.

Shares of the Buffalo, New York-based biotech closed at $2.07 on 10 September, a gain of 4%, or 8 cents.

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