By Stephen Nakrosis


Shares of biopharmaceutical company Provention Bio Inc. are higher in Thursday's late-trading session, after the company said it intends to resubmit the teplizumab Biologics License Application, following a meeting with the U.S. Food and Drug Administration.

The company said teplizumab is being developed to delay clinical type 1 diabetes in at-risk individuals.

"We look forward to re-submitting the BLA as soon as possible and facilitating the FDA's review and decision-making," said Ashleigh Palmer, co-founder and chief executive.

At 5:08 p.m. ET, shares were trading 12.65% higher at $3.83.

The stock finished the day's regular-trading session at a 52-week low of $3.40.

The company scheduled a conference for Jan. 28 at 8 a.m. ET.


Write to Stephen Nakrosis at stephen.nakrosis@wsj.com


(END) Dow Jones Newswires

01-27-22 1738ET