FDA says Novartis knew its application for $2.1 million gene therapy included errors

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Experts point out that while the market has dropped sharply, it still has a long way to go before a sustainable bottom can be reached.

' application for its $2.1 million gene therapy for spinal muscular atrophy contained errors it knew about before approval.

The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy, a muscle-wasting disease and leading genetic cause of infant mortality that affects one in every 11,000 births.

 

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