BUZZ-Gene therapy makers slide on reports that FDA official Peter Marks resigns

Reuters
03-31
BUZZ-Gene therapy makers slide on reports that FDA official Peter Marks resigns

** Shares of gene therapy makers and developers slide premarket after WSJ and other media outlets report that Peter Marks, a top official at the US FDA, has been pushed out of the agency

** Marks was the head of FDA's Center for Biologics Evaluation and Research (CBER) and introduced several programs to accelerate the development of gene and cell therapies during his tenure

** Taysha Gene Therapies TSHA.O down 10.9% at $1.72 premarket, Solid Biosciences SLDB.O down 7.2% at $4.01, US-listed shares of CRISPR Therapeutics CRSP.O down 3.8% at $35.60

** "Gene and cell therapies likely under increased pressure, given CBER and Marks' intimate relationship with many of these companies and programs," says BMO Capital Markets analyst Evan Seigerman

** Marks did not respond to Reuters' request for comment

** Marks was given the choice by a Health and Human Services official to resign or be fired, according to WSJ, which also reported that his resignation is effective April 5

(Reporting by Manas Mishra)

((Manas.Mishra@thomsonreuters.com; www.twitter.com/Manaswrites15;))

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