Neurogene Halts Batten and Rett Gene Therapy Programs Amid FDA Setbacks and Stock Plunge

Neurogene recently faced a significant setback when the FDA denied their request for Regenerative Medicine Advanced Therapy (RMAT) designation for their CLN5 Batten disease gene therapy program, NGN-101. Despite being in Phase I/II trials and pioneering testing for CLN5, the FDA's denial, attributed to the rarity of the disease, rendered the continuation of the program unfeasible. This decision was compounded by the lack of a streamlined FDA pathway, prompting Neurogene to halt further advancements of NGN-101, which were initially supported by modest financial commitments[1][2].
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What specific factors led to the FDA denying Neurogene's request for RMAT designation for the Batten disease program?
How does Neurogene plan to regain investor confidence after the significant drop in stock value?
What new strategies is Neurogene considering for the halted Batten disease gene therapy program?
Are there any procedural changes Neurogene could implement to prevent adverse events in future Rett syndrome trials?
How does the $200 million investment influence Neurogene's long-term goals in rare disease therapy development?