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flag FDA rejects Capricor's heart therapy for muscular dystrophy, citing efficacy doubts and manufacturing issues.

flag The FDA has declined to approve Capricor Therapeutics' cell therapy, Deramiocel, for treating heart issues in Duchenne muscular dystrophy patients, citing insufficient evidence of effectiveness and manufacturing concerns. flag This decision led to a significant drop in Capricor's stock price. flag The company plans to address these issues and resubmit the application with additional data from ongoing trials later this year.

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