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In Brief: US FDA Delay Sends Biohaven Shares Down

 
• By Andrew McConaghie

The US regulator’s decision has taken Biohaven and investors by surprise, with the reason for a ‘major amendment’ status not clear.

Biohaven

Biohaven’s share price has fallen by nearly 20% since the US Food and Drug Administration unexpectedly announced a three-month delay to its review of the firm’s troriluzole for spinal cerebellar ataxia.

The change pushes the decision date into the fourth quarter, and the regulator will now also convene an advisory committee, a surprise turn of events, coming just days after Biohaven...

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