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Allogene Therapeutics shares rise 4.09% intraday after Sumitomo Pharma and RACTHERA submit application for Parkinson's disease treatment.
ByAinvest
Tuesday, Aug 5, 2025 10:51 am ET1min read
Allogene Therapeutics, Inc. rose 4.09% in intraday trading, driven by positive news from its partner Sumitomo Pharma. Sumitomo Pharma and RACTHERA announced the submission of a manufacturing and marketing authorization application for allogeneic iPS cell-derived dopaminergic neural progenitor cells in Japan, targeting the improvement of motor functions in advanced Parkinson's disease patients. Additionally, Sumitomo Pharma reported strong momentum for CASGEVY®, with over 75 authorized treatment centers activated globally and significant progress in clinical trials for CTX310™ and CTX320™.
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