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Replimune shares plunge 84% after FDA rejects RP1 biologics license application

Market News
03 Sep 2026
PRNewsWire
View Source
Bearish
pluang ai news

Replimune Group's stock fell sharply, dropping about 84% from a high of $10.73 to $1.70 after the FDA rejected its RP1 biologics license application. The FDA cited insufficient data and study design concerns, which were not addressed despite prior communications. This led to a securities class action lawsuit alleging that investors were misled about the trial data and risks. Investors who bought shares between October 2025 and April 2026 may seek compensation by October 5, 2026.

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Alphabet rated Buy with $432 target, driven by AI and cloud growth, offering 26% upside potential.

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Zcash price hits $979, boosting mining profits and network hashrate to near record highs.

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