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Benzinga
Benzinga
Vandana Singh

Why Is Precigen Stock Surging On Friday?

Medical research

On Friday, the U.S. Food and Drug Administration (FDA) approved Precigen Inc.’s (NASDAQ:PGEN) Papzimeos (zopapogene imadenovec-drba) for adult patients with recurrent respiratory papillomatosis (RRP).

RRP is a rare chronic disease caused by the human papillomavirus (HPV) and wart-like tumors grow on and around the vocal cords.

Papzimeos is the first and only FDA-approved therapy for the treatment of adults with RRP.

Precigen completed submission of the rolling Biologics License Application (BLA) in December 2024 under an accelerated approval pathway. However, the FDA has granted Papzimeos full approval, which does not require a confirmatory clinical trial. 

Also Read: Apple To Reintroduce Blood Oxygen Feature On Select Watches Following Customs Ruling

Papzimeos is a non-replicating adenoviral vector-based immunotherapy designed to express a fusion antigen comprising selected regions of human papillomavirus (HPV) types 6 and 11 proteins—the root cause of RRP. Papzimeos is delivered via four subcutaneous injections over a 12-week interval.

Data from the open-label, single-arm, pivotal study in adult patients with RRP support the approval.

The pivotal study successfully met its primary safety and pre-specified primary efficacy endpoints.

51% (18 out of 35) of study patients achieved Complete Response, requiring no surgeries in the 12 months after treatment with Papzimeos.

These Complete Responses remained durable for over 12 months. Of the 18 patients with a Complete Response in the ongoing study, 15 patients evaluated at 24 months demonstrated continued Complete Response.

Papzimeos was well-tolerated with no dose-limiting toxicities or treatment-related adverse events greater than Grade 2.

Papzimeos induced HPV 6/11-specific T cell responses in RRP study patients, with a significantly greater expansion of peripheral HPV-specific T cells in responders compared to non-responders.

Precigen will begin promoting Papzimeos immediately.

Price Action: PGEN stock is up 44.32% at $2.67 during the premarket session at the last check on Friday.

How To Buy PGEN Stock

Besides going to a brokerage platform to purchase a share – or fractional share – you can also gain access to shares of the company either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Precigen’s case, it is in the healthcare sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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Photo: Shutterstock

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