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Replimune's melanoma drug gets FDA nod but faces legal probe over data practices

Market News
07 Aug 2026
Gordon Thompson
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Neutral
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Replimune Group's melanoma drug Tudriqev received accelerated FDA approval after two prior rejections, based on a 24.20% response rate in trials. Following this, BMO Capital raised its price target for Replimune stock from $16 to $20, indicating strong growth potential. However, the company is under investigation by Pomerantz LLP for possible unlawful business practices related to its clinical data submissions. Investors should watch how this legal scrutiny unfolds alongside the drug's market launch.

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