
Shares of Beam Therapeutics BEAM.O up 2.11% at $17.89 premarket
Biotech firm says U.S. FDA has granted regenerative medicine advanced therapy (RMAT) designation to its experimental cell therapy, BEAM-101, for the treatment of sickle cell disease
The RMAT tag is designed to support the development and evaluation of regenerative medicines, including genetic therapies, with the intention of addressing serious or life-threatening diseases that have unmet medical needs
Sickle cell disease is a severe inherited blood disease that affects the shape of red blood cells, which carry oxygen to all parts of the body
Up to last close, shares down 29% YTD