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Scottyhilux

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09/06/25

20:20

Post #: 79368908
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Originally posted by al-black: ↑

The biotech sector has started to recovery over the past week as investors reassessed earlier fears about regulatory issues under new health ministers, realizing that concerns had been overcompensated in stock prices

In a roundtable event on Thursday, HHS Secretary Robert F. Kennedy Jr. said his office will work to eliminate barriers that keep cell and gene therapies from the market.
Health and Human Services Secretary Robert F. Kennedy Jr. backed his health appointees, who in recent weeks have expressed openness to regulatory flexibility for investigational cell and gene therapies, particularly those for rare diseases.

“We’re going to do everything in our power to sweep away the barriers from you getting those solutions to market and getting them funded and do everything that we can to support you,” Kennedy said Thursday during an FDA roundtable on cell and gene therapies. “We are going to continue to figure out new ways . . . of accelerating approvals for drugs and treatments that treat rare diseases.”

Kennedy also directly addressed the recent budget cuts at HHS, claiming that instead of totally taking away these funds, his office will instead reallocate them to other efforts, with an eye toward boosting efficiency.

“There’s a lot of people who criticize us because they say we cut the budget of the agency,” he said. “We didn’t cut any of the budget of the agency. We have that money and we are taking away from the administrative costs and redundancies and we’re going to reapply it, spawn and foster and fortify innovation, and unleash it.”

https://www.biospace.com/fda/rfk-jr-joins-deputies-in-voicing-support-for-regulatory-flexibility-for-cell-and-gene-therapies

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Thanks for posting that, right now that’s the best thing we could want to hear.
2024 was supposed to be the year that biotech stocks rebounded, but clearly that didn’t happen.

Looks like 2025/26 should be much better .

PTX Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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