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BUZZ-Checkpoint Therapeutics rises after FDA approval of co's skin cancer drug

Reuters
2024/12/16
BUZZ-Checkpoint <a href="https://laohu8.com/S/LENZ">Therapeutics</a> rises after FDA approval of co's skin cancer drug

** Shares of drug developer Checkpoint Therapeutics CKPT.O rise 8.9% to $4 in premarket trading

** The U.S. FDA, on Friday, approved company's drug for treatment of a type of cancer of the outer layer of the skin

** The drug to be marketed under the brand name Unloxcyt is the company's first drug that has received approval

** Unloxcyt is part of a class of drugs, PD-L1 antibody, which works by binding to a protein called programmed death-ligand 1 that helps the body's immune system in killing cancer cells

** Company said it is "currently developing a commercial launch plan" for the drug

** Up to last close, stock up 60.3% YTD

(Reporting by Sneha S K)

((Sneha.SK@thomsonreuters.com;))

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