BUZZ-Chimerix soars on plans to submit application for US FDA accelerated approval for its brain tumor drug

Reuters

2024/12/10

** Shares of biotech Chimerix CMRX.O rise 171.68% to $2.35 after the bell

** Company plans to submit an application seeking FDA's accelerated approval in the U.S. for its drug dordaviprone as a treatment for a type of glioma before year-end

** Adds it will be ready for a U.S. launch as early as Q3 2025

** CMRX is seeking approval of dordaviprone as a treatment for recurrent H3 K27M-mutant diffuse glioma, a type of tumor that forms in the brain

** Up to last close, stock down ~10% YTD

(Reporting by Sriparna Roy in Bengaluru)

((Sriparna.Roy@thomsonreuters.com))

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