n the eve of what was to be a $130 million payday, one of biotech’s buzziest startups on Thursday issued an 11th-hour disclosure that the Food and Drug Administration has safety concerns about its lead drug.

Solid Biosciences, a biotech darling with an oft-cited origin story, said that the FDA put a hold on its clinical trial for its gene therapy for muscular dystrophy, asking the company to make manufacturing adjustments and other changes before dosing more patients. Solid was expected to go public this week with a hotly anticipated initial public offering, one investors expected to be a bellwether for the whole biotech sector.

This is a STAT Plus article and you can unlock it by subscribing to STAT Plus today. It's easy! Your first 30 days are free and if you don't enjoy your subscription you can cancel any time.
Already a subscriber? Log in here.

Leave a Comment

Please enter your name.
Please enter a comment.

Sign up for our Morning Rounds newsletter

Your daily dose of what’s new in health and medicine.