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The hearing has returned for the first person who has received gene therapy for treating genetic hearing loss in the U.S. Initial results from Akouos Inc.’s phase I/II study showed that within 30 days of receiving AK-OTOF-101, pharmacologic hearing was restored to an 11-year-old who had profound hearing loss from birth.
Decibel Therapeutics Inc. stock was up 85% in premarket trades on Wednesday after Regeneron Pharmaceuticals Inc. said it would pay $4 a share for the...