Kolon TissueGene cleared to resume US Phase III trial for Invossa
South Korean cell and gene therapies company Kolon Life Science (Kosdaq: 950160) saw its shares leap 30% to 26,900 won on Monday, after it announced that the clinical hold issued by the US Food and Drug Administration in April 2019 has been lifted effective April 10, 2020, and that the company can continue with its knee osteoarthritis (OA) Phase III clinical trial of Invossa (TG-C).
The trial had been suspended due to product identity concerns, the company noted, adding that the firm’s US unit, Kolon TissueGene, has begun activities to resume the Phase III trial and reinitiate enrollment later this year.
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