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Replimune's stock jumps after FDA approves its first skin cancer drug Tudriqev

Market News
07 Aug 2026
Danny Green
View Source
Bullish
pluang ai news

Replimune Group Inc. received FDA approval for Tudriqev, its first drug targeting a difficult form of skin cancer, marking a major milestone for the biotech company. Despite earlier rejections and concerns over clinical data quality, the FDA granted accelerated approval, boosting investor confidence. Following the news, Replimune's stock rose by 8.71%, and BMO Capital maintained an "Outperform" rating, signaling expectations of strong future performance. This approval positions Replimune as a notable player in innovative cancer treatments with a market cap of about $1.08 billion.

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