Jan. 30 at 6:38 PM
$FGEN What’s actually going on with FGEN/KYNB (Q4 2025):
No FDA approvals
No PDUFA
No Phase 3 data readout
No IND acceptance announced
The only “pending” thing for Q4 2025:
A planned Phase 3 protocol submission for roxadustat in MDS
→ that’s paperwork, not a trial start, not approval, not a catalyst
FG-3246 (oncology):
Phase 2 ongoing
Any Q4 2025 update = early combo data at best, nothing registrational
Bottom line (plain English):
Management talked up Q4 2025
Market expected something
FDn’t moA hasved
Stock stays dead because there is no real catalyst yet