In exciting news, the US FDA cleared Cynata’s Investigational New Drug (IND) application for a Phase 2 clinical trial of CYP-001 in patients with acute graft versus host disease (aGvHD). The planned Phase 2 clinical trial will seek to recruit approximately 60 patients with high risk aGvHD, at clinical centres in several countries, including the US and Australia. FDA clearance is a major achievement and valuation milestone for the Company.

The stock was up 10 per cent following the announcement, read the full details on The Australian: