Precigen surges on FDA approval for gene therapy

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FDA headquarters in Washington DC.

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Shares of Precigen (NASDAQ:PGEN) added ~34% in the premarket on Friday after the U.S. Food and Drug Administration (FDA) approved its gene therapy candidate Papzimeos (zopapogene imadenovec-drba) for a tumor condition called recurrent respiratory papillomatosis (RRP).

According to the FDA, the

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