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Atara Biotherapeutics Stock Jumps 18% as FDA Shake-Up Puts Ebvallo Back in Focus
Atara Biotherapeutics saw an 18% stock jump following news of the FDA’s head of biologics departing, impacting rare-disease biotech stocks positively. This shake-up brought renewed attention to Atara’s cell therapy, EBVALLO, which aims to treat a rare and often fatal post-transplant condition and was previously rejected by the FDA. The company, alongside partner Pierre Fabre, is seeking a Type A meeting with the FDA to discuss a possible resubmission, despite Atara’s thin financial cushion.