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GMDA - Gamida Cell surges 22% following rolling BLA submission for omidubicel
Gamida Cell Ltd.
Shares of Gamida Cell (GMDA +22.3%) have surged higher after the company today said it started a rolling submission of a Biologics License Application ("BLA") for omidubicel, a treatment for patients with blood cancers in need of stem cell transplant. The company is aiming to complete the submission by Q2. Although he rates Gamida Cell as a hold, Seeking Alpha contributor Bret Jensen says the company has a favorable risk/reward profile.