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Omeros Shares Slump After EU Rejects Narsoplimab Approval

Shares of Omeros Corporation plunged 25% to $8 in premarket trading Friday after the European Medicines Agency delivered a negative opinion on the company’s lead drug, narsoplimab. The decision stalls the biotech firm’s efforts to introduce its treatment for a lethal post-transplant complication into the European market.

Omeros Shares Slump After EU Rejects Narsoplimab Approval

The Committee for Medicinal Products for Human Use concluded that the marketing-authorization application for narsoplimab failed to meet the necessary regulatory standards. The drug is intended to treat hematopoietic stem-cell transplant-associated thrombotic microangiopathy, a severe and frequently fatal condition occurring after bone-marrow procedures. While the treatment currently holds approval in the United States, this European rejection presents a significant hurdle for the company's international expansion strategy.

In response to the ruling, Omeros leadership announced plans to challenge the decision. The company intends to file a formal request for a re-examination of the application, seeking an additional review by an independent panel of external experts to address the committee's concerns.

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