Why DBV Technologies (DBVT) Shares are Soaring Today – DBV…

Why DBV Technologies (DBVT) Shares are Soaring Today – DBV…

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  • The FDA has lifted the partial clinical hold on DBV Technologies DBVT Phase 3 VITESSE clinical trial evaluating the modified Viaskin 250 μg peanut patch (DBV712) ​​in peanut-allergic children aged 4 to 7 years.
  • In the Partial Clinical Hold (PCH) letter, the FDA requested changes to some aspects of the VITESSE protocol, including:
    • Redefining the minimum daily wear time.
    • Added a statistical test to assess pavement adhesion.
    • Reclassification of certain adverse events as adverse events of special interest.
    • Increasing the number of study participants on active treatment.
  • The FDA initiated the hold September.
  • With the reversal of the PCH, the FDA confirmed that DBV has satisfactorily addressed all clinical retention issues identified in the PCH letter.
  • The DBV plans to initiate a separate safety study in about 275 additional subjects. The Company does not anticipate that the additional safety study will impact its cash runway guidance.
  • DBV anticipates VITESSE patient screening to begin in Q1 2023, with the last patient screened in H1 2024 and top-line results expected in H1 2025.
  • Price promotion: DBVT shares are up 40.68% to $1.66 during the premarket session last Check Friday.

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