Capricor Shares Fall, FDA Call in August Looms
Capricor Therapeutics shares fell 4.8% to $28.53 on Monday, bucking gains in major U.S. indexes. The company’s market value stands near $1.64 billion as investors await the FDA’s Aug. 22 decision on its experimental Duchenne muscular dystrophy therapy, deramiocel. Biotech stocks broadly declined, with the Nasdaq Biotechnology Index down 1.9%. Trading resumes Tuesday morning in New York.