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IRON FDA Decision Approved · 2025-01-21

Page updated ·next FDA decision on the calendar ·Data as of Nov 5, 2026 9:00 PM ET

Price into the decision (T-120)

PDUFA 1/21/25$67.47$41.278/6/24
Daily close, T-120 (8/6/24) through T+5. Run-up high $67.47 on 12/16/24, low $41.27 on 8/15/24 (T-120 to T-1). FDA decision 1/21/25. Historical price action, not a forecast.

Decision facts

FDA decision date2025-01-21
DrugBitopertin - (APOLLO)
IndicationErythropoietic Protoporphyria (EPP)
Outcome✓ Approvedprimary-sourced
Decision-day move+3.9%
T-120 run-up (low→high)+39.0% ($44.82→$67.47)
Market-cap tierSmall
Cohort decision-day move (history)3.7% median (n=302)

Cohort move is the historical median absolute decision-day move for this market-cap tier across our run-up study. History, not a prediction.

See the full 2026 PDUFA calendar →

Every FDA approval letter and released Complete Response Letter we hold, by FDA action date: FDA approval letters.

Specialist biotech funds holding IRON, 13F for the quarter ended June 30, 2026

FundSharesValue at quarter endFiling
RA Capital Management2,450,221$179.2 millionfiled August 14, 2026
BVF Inc.1,153,612$84.4 millionfiled August 14, 2026
OrbiMed Advisors357,535$26.2 millionfiled August 14, 2026
Baker Bros. Advisors349,657$25.6 millionfiled August 14, 2026
RTW Investments30,000$2.2 millionfiled August 14, 2026

13F reports list long positions in common stock at quarter end, are due 45 days later, and show no short positions or later trades. Notes, warrants and other instruments are not counted as shares.

Questions

Was Bitopertin approved by the FDA?

Yes. The approval of the application for Bitopertin was announced on January 21, 2025; pdufa.bio holds no FDA record stating the exact day the FDA acted. The primary source is linked on this page.

What was Bitopertin under FDA review for?

The application covered Erythropoietic Protoporphyria (EPP). The FDA approved the application on January 21, 2025.

How did IRON stock react to the FDA decision?

On the decision day IRON moved +3.9%. That is the recorded reaction to this specific event. Historical measurement, not a prediction, and not investment advice.