Summary by Futu AI
Kingsway Biotechnology Co., Ltd. (“Kingsley Biotechnology”) Announces that CAR-T Therapy CARVYKTI® (Cidachiolense, cilta-cel) of its non-wholly-owned subsidiary Legendary Biotechnology Co., Ltd. (“Legendary Biotech”) has been granted U.S. food drug management on April 5, 2024 FDA approved a two-line therapy for the treatment of adult patients with relapsed or incurable multiple myeloma. These patients received at least one line of treatment, including protease inhibitors and immunomodulators, and developed drug resistance to radamine. This approval is based on the positive results of the CARTITUDE-4 study, showing that CARVYKTI® can significantly improve progression-free survival (PFS). The approval will change the treatment landscape for multiple myeloma by offering patients personalized immunotherapy in early treatment plans, said Dr. Wong Wing, CEO of Legendary Bios. Kingsway Biotechnology reminds shareholders and potential investors to be aware of investment risks and to exercise caution when buying and selling company securities.