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FDA panel questions Deramiocel efficacy for Capricor Therapeutics (NASDAQ: CAPR)

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Capricor Therapeutics stated that the FDA’s Cellular, Tissue and Gene Therapies Advisory Committee voted that available evidence did not support the effectiveness of its lead cell therapy, Deramiocel, for treating cardiomyopathy in patients with Duchenne muscular dystrophy; the vote was 3 in favor, 9 against and 0 abstentions.

The recommendation is non-binding, and the FDA continues its review of Capricor’s Biologics License Application for Deramiocel, with the Prescription Drug User Fee Act target action date remaining August 22, 2026. The company noted that the committee’s voting question covered a narrower indication than it originally proposed and did not address Deramiocel’s overall benefit‑risk profile. In a separate discussion on upper limb function, committee feedback was described as directionally supportive of Phase 3 HOPE‑3 trial data, including on the primary endpoint PUL 2.0, and Capricor indicated it remains focused on working with the FDA toward potential approval.

Positive

  • None.

Negative

  • FDA advisory panel unfavorable vote on Deramiocel efficacy for DMD cardiomyopathy, with a 3–9 outcome against effectiveness, adds significant regulatory risk for Capricor’s lead program ahead of the August 22, 2026 PDUFA decision.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Advisory committee vote 3 for, 9 against, 0 abstain FDA Cellular, Tissue and Gene Therapies Advisory Committee vote on Deramiocel effectiveness
PDUFA target action date August 22, 2026 Target action date for Deramiocel Biologics License Application
DMD prevalence in US approximately 15,000 individuals Number of individuals affected by Duchenne muscular dystrophy in the United States
CDCs publications more than 250 peer-reviewed publications Preclinical and clinical studies investigating cardiosphere-derived cells
CDCs clinical subjects over 250 human subjects People dosed with cardiosphere-derived cells across multiple clinical trials
Biologics License Application regulatory
"ongoing review of the Company's Biologics License Application for Deramiocel"
A biologics license application is a formal request submitted to regulatory authorities seeking approval to market a new biological medicine, such as vaccines or treatments made from living organisms. It is a comprehensive review process that evaluates the safety, effectiveness, and manufacturing quality of the product. For investors, receiving approval signals that a biological therapy can be sold to the public, potentially leading to revenue growth and market success.
Prescription Drug User Fee Act (PDUFA) regulatory
"The FDA's Prescription Drug User Fee Act (PDUFA) target action date"
The Prescription Drug User Fee Act (PDUFA) is a law that allows drug companies to pay fees to the government to help speed up the review process for new medicines. This funding aims to ensure that important drugs reach patients faster, which can influence a company's ability to bring products to market efficiently. For investors, PDUFA-related decisions can impact drug approval timelines and company performance.
Regenerative Medicine Advanced Therapy (RMAT) designation regulatory
"has been granted Regenerative Medicine Advanced Therapy (RMAT) designation in the U.S."
A Regenerative Medicine Advanced Therapy (RMAT) designation is a U.S. regulatory status given to certain cell, gene, or tissue-based treatments that show promise for serious conditions and early clinical evidence of benefit. It signals that regulators will provide extra guidance and expedited review steps—like giving a promising project a “fast pass” through some development checkpoints—which can shorten time to market and reduce regulatory risk, making the program more valuable and noteworthy to investors.
Advanced Therapy Medicinal Product (ATMP) designation regulatory
"Advanced Therapy Medicinal Product (ATMP) designation in Europe"
Priority Review Voucher regulatory
"may qualify Capricor for a Priority Review Voucher upon approval"
A priority review voucher is a transferable regulatory incentive that lets a company move a future drug or device application to the front of the review line, shortening the review period by several months. For investors it matters because the voucher can speed up market access for a high-value product or be sold to other companies for significant cash, acting like a tradable fast-pass that can accelerate revenue or create immediate financial upside.
cardiomyopathy medical
"for the treatment of cardiomyopathy in patients with Duchenne muscular dystrophy"
A condition that weakens or stiffens the heart muscle, reducing its ability to pump blood effectively; think of the heart as an engine that becomes less powerful or less flexible. For investors, cardiomyopathy matters because it can drive demand for medical treatments, affect healthcare costs, influence the value of companies developing drugs or devices, and trigger regulatory or insurance impacts that change revenues and risks across the healthcare sector.

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FAQ

What did the FDA advisory committee decide about Deramiocel for Capricor Therapeutics (CAPR)?

The advisory committee voted that available evidence did not support Deramiocel’s effectiveness for DMD cardiomyopathy, with a 3–9 vote against effectiveness. The recommendation is non-binding, and the FDA continues reviewing Capricor’s Biologics License Application.

Is the FDA advisory committee’s negative vote on Deramiocel binding for CAPR?

No, the committee’s 3–9 vote against Deramiocel’s effectiveness is non-binding. The FDA will consider this recommendation along with the full administrative record as it continues reviewing the Biologics License Application.

What is the PDUFA target action date for Capricor Therapeutics (CAPR) Deramiocel BLA?

The Prescription Drug User Fee Act target action date for Deramiocel’s Biologics License Application is August 22, 2026. Capricor stated that this date remains unchanged following the advisory committee meeting and ongoing FDA review.

Did the FDA advisory committee comment on Deramiocel’s effect on upper limb function in DMD?

In a separate discussion, the committee’s feedback was described as directionally supportive of HOPE‑3 upper limb data, including the primary endpoint PUL 2.0. However, there was no formal vote on Deramiocel’s overall benefit‑risk profile.

What unmet medical need is Capricor Therapeutics (CAPR) targeting with Deramiocel?

Deramiocel targets cardiomyopathy in Duchenne muscular dystrophy, a rare, life‑threatening disease affecting about 15,000 people in the U.S. There is currently no approved treatment specifically for this cardiac complication in DMD.

What regulatory designations has Deramiocel received that are relevant for CAPR investors?

Deramiocel has Orphan Drug Designation for DMD in the U.S. and EU, plus RMAT, ATMP and Rare Pediatric Disease designations. The Rare Pediatric Disease designation may make Capricor eligible for a Priority Review Voucher upon approval.
0001133869false00011338692026-07-292026-07-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

July 29, 2026

CAPRICOR THERAPEUTICS, INC.

(Exact name of Registrant as Specified in its Charter)

  ​ ​ ​

Delaware

  ​ ​ ​

001-34058

  ​ ​ ​

88-0363465

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

  ​ ​ ​

10865 Road to the Cure, Suite 150, San Diego, California
(Address of principal executive offices)

  ​ ​ ​

92121
(Zip Code)

(858) 727-1755

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Securities registered pursuant to Section 12(b) of the Act:

  ​ ​

Title of Each Class

  ​ ​ ​

Trading Symbol(s)

  ​ ​ ​

Name of Each Exchange on Which
Registered

Common Stock, par value $0.001 per share

CAPR

The Nasdaq Global Select Market

Item 8.01.  Other Events.

On July 29, 2026, the U.S. Food and Drug Administration's ("FDA") Cellular, Tissue and Gene Therapies Advisory Committee voted that available evidence did not support the effectiveness of Deramiocel for the treatment of cardiomyopathy in patients with Duchenne muscular dystrophy (“DMD”), a rare and life-threatening disease for which no approved cardiomyopathy treatment currently exists (3 for, 9 against, 0 abstain).

The Advisory Committee's recommendation is non-binding, and the FDA will consider the Committee's recommendation, together with the complete administrative record, in its ongoing review of the Company's Biologics License Application ("BLA") for Deramiocel. The FDA's Prescription Drug User Fee Act ("PDUFA") target action date for the BLA remains August 22, 2026.

On July 30, 2026, the Company issued a press release announcing the Advisory Committee vote. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01Financial Statements and Exhibits.  

(d) Exhibits

99.1

Press Release, titled “Capricor Therapeutics Provides Update on FDA Advisory Committee Meeting for Deramiocel”, dated July 30, 2026.

104

Cover Page Interactive Data File (formatted as inline XBRL).

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

CAPRICOR THERAPEUTICS, INC.

Date: July 30, 2026

By:

/s/ Linda Marbán, Ph.D.

Linda Marbán, Ph.D.

Chief Executive Officer

3

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Exhibit 99.1

Capricor Therapeutics Provides Update on FDA Advisory Committee Meeting for Deramiocel

SAN DIEGO, July 30, 2026 (GLOBE NEWSWIRE) — Capricor Therapeutics (NASDAQ: CAPR), a biotechnology company developing transformative cell and exosome-based therapeutics for rare diseases, today announced that the U.S. Food and Drug Administration's Cellular, Tissue and Gene Therapies Advisory Committee voted that available evidence did not support the effectiveness of Deramiocel for the treatment of cardiomyopathy in patients with Duchenne muscular dystrophy (DMD), a rare and life-threatening disease for which there is no approved treatment for this cardiac complication (3 for, 9 against, 0 abstain). The Committee's vote is non-binding.

The Committee's voting question addressed a narrower indication than Capricor had proposed and did not include a vote on Deramiocel's overall benefit-risk profile. In a separate discussion on upper limb function, the Committee's feedback was directionally supportive of the clinical evidence from the Phase 3 HOPE-3 trial, including results on its primary endpoint, PUL 2.0.

"We remain committed to Deramiocel and to the patients who could benefit from it," said Linda Marbán, Ph.D., Chief Executive Officer of Capricor. "The Advisory Committee gave us an important opportunity to present the clinical evidence, and we were encouraged by the Committee's discussion of Deramiocel's impact on skeletal muscle. We remain confident in the strength of the HOPE-3 data. In a moving open public hearing, patients, families, and clinicians shared their experience with the therapy, underscoring the unmet need within the Duchenne community. We remain focused on working with the FDA toward approval ahead of the August 22, 2026, PDUFA target action date."

About Duchenne Muscular Dystrophy

DMD is a severe, X-linked genetic disorder characterized by progressive muscle degeneration affecting the skeletal, respiratory, and cardiac muscles. It is caused by the absence of functional dystrophin, a key structural protein in muscle cells. DMD affects approximately 15,000 individuals in the United States and primarily impacts boys. Over time, deterioration of the heart muscle leads to cardiomyopathy and heart failure, which is the leading cause of death in DMD. There is no cure, and treatment options remain limited.

About Deramiocel

Deramiocel (CAP-1002) consists of allogeneic cardiosphere-derived cells (CDCs), a rare population of cardiac cells that have been shown in preclinical and clinical studies to exert potent immunomodulatory and anti-fibrotic actions in the preservation of cardiac and skeletal muscle function in muscular dystrophies such as DMD. CDCs act by secreting extracellular vesicles known as exosomes, which target macrophages and alter their expression profile to adopt a healing rather than pro-inflammatory phenotype. CDCs have been investigated in more than 250 peer-reviewed scientific publications and administered to over 250 human subjects across multiple clinical trials.

Deramiocel has received Orphan Drug Designation for the treatment of DMD from both the U.S. FDA and the European Medicines Agency (EMA). In addition, it has been granted Regenerative Medicine Advanced Therapy (RMAT) designation in the U.S., Advanced Therapy Medicinal Product (ATMP) designation in Europe, and Rare Pediatric Disease Designation from the FDA, which may qualify Capricor for a Priority Review Voucher upon approval.

About Capricor Therapeutics

Capricor Therapeutics (NASDAQ: CAPR) is a biotechnology company dedicated to advancing cell and exosome-based therapeutics for the treatment of rare diseases. Our lead product candidate, Deramiocel, is an allogeneic cardiac-derived cell therapy in late-stage development for DMD, shown in clinical studies to preserve cardiac and skeletal muscle function. Capricor is also advancing its proprietary StealthX™ exosome platform for the targeted delivery of oligonucleotides, proteins, and small-molecule therapeutics across a range of diseases. At Capricor, we are committed to delivering new therapies for patients with rare diseases. For more information, visit capricor.com, and follow Capricor on Facebook, Instagram and X.


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Cautionary Note Regarding Forward-Looking Statements

Statements in this press release regarding the efficacy, safety, and intended utilization of Capricor’s product candidates; the initiation, conduct, size, timing and results of clinical trials; the pace of enrollment of clinical trials; plans regarding regulatory filings, future research and clinical trials; regulatory developments involving products, including future interactions with regulatory authorities and the ability to obtain regulatory approvals or otherwise bring products to market; manufacturing capabilities; dates for regulatory meetings; the potential that required regulatory inspections may be delayed or not be successful which would delay or prevent product approval, revenue and reimbursement estimates, projected terms of definitive agreements, our financial position, our possible uses of existing cash and investment resources, and statements regarding our litigation with Nippon Shinyaku Co., Ltd. and NS Pharma, Inc., including the nature of the dispute, our expectations regarding any legal proceedings, and our ability to commercialize Deramiocel independent of our existing distribution agreement and any other statements about Capricor’s management team’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “could,” “anticipates,” “expects,” “estimates,” “should,” “target,” “will,” “would” and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements. More information about these and other risks that may impact Capricor’s business is set forth in Capricor’s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission on March 17, 2026 and in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, as filed with the Securities and Exchange Commission on May 13, 2026. All forward-looking statements in this press release are based on information available to Capricor as of the date hereof, and Capricor assumes no obligation to update these forward-looking statements.

Deramiocel and the StealthX™ vaccine are investigational candidates and have not been approved for commercial use in any indication.

For more information, please contact:

Capricor Media Contact:

Caitlin Kasunich / Raquel Cona

KCSA Strategic Communications

ckasunich@kcsa.com / rcona@kcsa.com

212.896.1241 / 516.779.2630

Capricor Company Contact:

AJ Bergmann, Chief Financial Officer

abergmann@capricor.com

858.727.1755


Filing Exhibits & Attachments

4 documents