DBV Technologies S.A.
|Company Name||DBV Technologies S.A.|
On December 19, 2018, DBV Technologies revealed that following discussions with the U.S. Food and Drug Administration (FDA), its Biologics License Application (BLA) for Viaskin Peanut in children four to eleven years of age has been voluntarily withdrawn. The Company stated, "although the agency did not reference any medical or clinical questions with the submission of Viaskin Peanut, the FDA did communicate that the level of detail with regards to data on manufacturing and quality controls was insufficient in the BLA." On this news shares of DBV Technologies fell $8.39, or nearly 60%, to close at $5.76 on December 20, 2018, thereby injuring investors.
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