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Monday, February 23, 2026

FDA illuminates new approval pathway for bespoke gene editing therapies

 After teasing a new regulatory process for personalized genetic medicines at the end of last year, the FDA today unveiled draft guidance for an approval pathway that could see custom CRISPR therapies, like the one that treated critically ill baby KJ last year, formally embraced by the agency. 

For now, the new pathway focuses on genome editing and RNA-based methods—like antisense oligonucleotides—that target the underlying cause of a rare disease, the FDA said in a Feb. 23 release

Agency leaders Marty Makary, M.D., the FDA commissioner, and Vinay Prasad, M.D., the director of the Center for Biologics Evaluation and Research (CBER), first unveiled the pathway, called the “plausible mechanism” framework, in a November publication in the New England Journal of Medicine. 

The new path aims to remove barriers for bespoke medicines designed for patients with rare diseases, potentially allowing data in a few patients to support approvals in broader populations by targeting specific genetic, cellular or molecular abnormalities, according to the FDA release. In a statement, Prasad called the new approach a “revolutionary advance in regulatory science.” 

“Individualized medicine is no longer theoretical,” Robert F. Kennedy, Jr., head of the Department of Health and Human Services, said in a Feb. 23 press conference. “A disease with 100 distinct mutations in the same gene will no longer require 100 clinical trials. When biology is clear and the science is sound, we will evaluate therapies based upon strong evidence and not arbitrary barriers.”

Drug developers can secure approvals by meeting at least four criteria, according to the draft document. The underlying biological cause of the disease must be identified, and the therapy must be proven to target that root mechanism or “proximate pathogenic biological alterations” with confirmed successful target drugging or editing. Sponsors may leverage “well-characterized natural history data” in untreated patients, which may serve as an external control “if it is adequate to allow for the treatment effect to be reasonably distinguished.” 

The FDA also recommends that clinical trials should be designed to demonstrate clinical benefits, such as improvement in symptoms, stabilization or slowing of disease progression, or decreases in episodic serious disease-related events.  

To support traditional approvals of these medicines, alongside weighing evidence of improvement in clinical outcomes or disease course, the FDA appears open to accepting data from biomarkers “if they are established to predict clinical benefit.” 

Without going into details, the agency said it will mandate that clinical results “be robust to exclude chance findings that may incorrectly suggest effectiveness,” as it recognizes that clinical trials in rare disease settings tend to be small. 

When first outlining the pathway in November, Makary and Prasad highlighted baby KJ’s groundbreaking treatment as an example of a therapy that could go through the new regulatory approach. KJ’s bespoke CRISPR therapy targeted a genetic mutation called Q335X, which was a significant cause of his carbamoyl phosphate synthetase 1 (CPS1) deficiency. CPS1 deficiency has a “well-characterized natural history,” the regulators noted, and KJ’s care team also demonstrated that the custom treatment successfully edited 42% of liver cells in mice. 

Following a product’s approval under the new pathway, the FDA will continue to gather data post-market to ensure safety, according to the draft guidance. 

If follow-up studies show a treatment is not as safe or effective as previously thought, the FDA may withdraw the product from the market, a senior FDA official said in a Feb. 23 call with journalists in advance of the press conference. The agency asked that the official not be named. 

“We need to take each of these on a case-by-case basis,” the official said. “We hope that this is actually going to result in numerous treatments for [ultra-rare] diseases that otherwise would not have had an effective treatment.” 

“We anticipate that we’re going to get a flood of applications for treatments of rare diseases,” the official added, noting that the team behind KJ’s treatment has been working to unify multiple potential treatments for different genetic diseases, all using a common mechanism, under one investigational new drug application.

Speaking at the press conference, the leaders of KJ’s care team highlighted the work they are doing to bring his unique treatment to more patients while also heralding the potential of the plausible mechanism pathway.

“We’ve turned this therapy into a whole platform,” Kiran Musunuru, M.D., Ph.D., co-founder of Verve Therapeutics and a cardiologist at Children’s Hospital of Philadelphia (CHOP) and the Perelman School of Medicine at the University of Pennsylvania, said during the conference. The team plans to “eventually launch a single clinical trial for a whole set of liver-centered diseases, the urea cycle disorders,” which includes KJ’s disease, CPS1 deficiency.

Despite his past involvement in outlining the plausible mechanism framework and oversight of CBER, which would handle the majority of medicines submitted for approval through the pathway, Prasad was not present at today’s press event. When asked about his absence, a spokesperson for the Department of Health and Human Services cited a “scheduling conflict” due to Prasad being “out west,” a possible reference to his home in San Francisco. 

Health leaders under the second Trump administration have long expressed a desire to cut red tape for cell and gene therapies. But the reality for the developers of these cutting-edge medicines has been harsh. The FDA recently told uniQure that the biotech’s gene therapy for Huntington’s disease no longer had sufficient evidence to support its approval, even though the candidate addresses the root biological cause of the rare disease.  

And earlier this month, Regenxbio’s gene therapy for Hunter syndrome was shot down by the FDA over concerns about the company’s use of a natural history control arm and a well-established biomarker as a surrogate endpoint, both of which the agency says are acceptable under the new plausible mechanism framework. 

Asked about this discrepancy, the senior FDA official on this morning’s press call said she could not provide specifics about any rejection decisions, as they fall under CBER’s purview and not her own center. She did specify that the agency is not changing “the standards for evidence” with the new pathway and reiterated that the approvals under the plausible mechanism framework will have a “high bar.” 

Rebecca Ahrens-Nicklas, M.D., Ph.D., also of CHOP and Penn and the other leader of KJ’s care, said that “clear, pragmatic, consistent regulatory guidance is essential” for the development of new rare disease therapies. 

“I hope that we can all proceed with radical transparency and share all that we learn, both the triumphs and the struggles, as we build this field of interventional genetics,” Ahrens-Nicklas said.

During the press conference, an advocate for the rare mitochondrial disorder pyruvate dehydrogenase complex deficiency (PDCD), which has no approved treatments, asked how the new pathway relates to products currently in the regulatory process. An oral candidate for PDCD from Saol Therapeutics was rejected by the FDA in September 2025.

“I can’t speak specifically to that application,” Tracy Beth Høeg, M.D., Ph.D., the acting director of the FDA’s Center for Drug Evaluation and Research, said in reply. The goal of the new pathway is to “be able to approve things more rapidly and in a more orderly manner,” she said, adding that “specific issues with applications we hope that we can also address in a timely manner.”

The new pathway could accelerate approvals of bespoke gene therapies or enable new authorizations that weren’t previously possible. Its rollout comes amid growing concerns that the U.S. is ceding dominance in the field to China, which has been continuously streamlining its regulations to expedite review of innovative trials and drugs. By allowing a plausible mechanism pathway, the FDA is signaling an attempt to prevent early gene therapy innovation from shifting permanently to Beijing.  

“We definitely would like the United States to lead in terms of innovation in the rare disease and the non-rare disease space. And we hope that this is going to contribute to that happening,” the senior FDA official said. 

“I don’t think that this one guidance is sufficient for us to move ahead of China, and I think that there are many different changes that need to be made,” she added. 

https://www.fiercebiotech.com/biotech/fda-illuminates-new-approval-pathway-bespoke-gene-therapies

Khamenei Prepares Secretive Succession Plan In Case He's Assassinated

 As US carriers deploy in the Mideast region and with tense nuclear talks inching forward in Geneva, Iran's Supreme Leader Ayatollah Ali Khamenei is reportedly taking Washington threats of assassination very seriously.

According to a Sunday report by The New York Times, Khamenei has quietly established detailed succession plans and emergency chains of command in the event he - or other top regime figures - are killed in potential US or Israeli strikes.

 Ayatollah Ruhollah Khomeini's grandson, Hassan Khomeini stands next to Iran's Supreme Leader Ayatollah Ali Khamenei. Office of the Iranian Supreme Leader/Via Reuters

The contingency blueprint, drafted amid escalating threats and last month's nationwide unrest, is said to ensure continuity of power under wartime conditions. Central to that plan is the elevation of longtime insider Ali Larijani.

The report says that at the height of the protests and amid mounting US military pressure, Khamenei tapped Larijani - a former Revolutionary Guards (IRGC) commander and political heavyweight - to assume a dominant governing role, effectively sidelining President Masoud Pezeshkian and consolidating crisis management under a trusted loyalist.

NY Times writes, "Ayatollah Khamenei has instructed Mr. Larijani and a handful of other close political and military associates to ensure that the Islamic Republic survives not only American and Israeli bombs, but also any assassination attempts on its top leadership, including on Ayatollah Khamenei himself, according to the six senior officials and the Guards members."

Nasser Imani, a conservative analyst close to the government, told the outlet over the phone: "The supreme leader fully trusts Larijani. He believes Larijani is the man for this sensitive juncture because of his political track record, sharp mind and knowledge."

Imani added: "He relies on him for reports on the situation and pragmatic advice. Larijani’s role will be very pronounced during war."

According to more details of the emergency wartime succession planning:

According to the six senior officials and the Guards members, Ayatollah Khamenei has issued a series of directives. He has named four layers of succession for each of the military command and government roles that he personally appoints.

He has also told everyone in leadership roles to name up to four replacements and has delegated responsibilities to a tight circle of confidants to make decisions in case communications with him are disrupted or he is killed.

The Times claims Larijani had overseen the crackdown on demonstrators and coordinated closely with Moscow, and may have even had serious input in how to deal on the diplomatic front with Washington.

"Mr. Larijani comes from an elite political and religious family, and for 12 years, he was the speaker of Parliament," the publication adds. "In 2021, he was put in charge of negotiating a 25-year comprehensive strategic deal with China worth billions."

Tehran is justifiably worried given the June war saw several assassinations of top military officials amid the bombing chaos. Also, high on Iranians' minds remains the Trump-ordered assassination of IRGC Quds force chief Qasem Soleimani, killed by a targeted drone strike on January 3, 2020 outside Baghdad international airport.

https://www.zerohedge.com/geopolitical/khamenei-prepares-secretive-succession-plan-case-hes-assassinated

Software, Payment Shares Sink After Citrini Post on AI Risks

 


Delivery, payments, and software stocks slid sharply Monday after Citrini Research published a report laying out the potential risks that artificial intelligence could pose to various segments of the global economy.

DoorDash Inc.American Express Co.KKR & Co Inc. and Blackstone Inc all slumped more than 8%. Shares of other companies name-checked in the article, including Uber Technologies Inc.Mastercard Inc.Visa Inc.Capital One Financial Corp. and Apollo Global Management Inc. were all lower by at least 3%.

https://www.bloomberg.com/news/articles/2026-02-23/software-payments-shares-tumble-after-citrini-post-on-ai-risks

US confirms evacuation of Beirut embassy

 The United States Department of State confirmed on Monday that it had ordered the departure of all non-emergency government personnel and their family members from the embassy in Beirut "due to the security situation" and "the risk of armed conflict."

"U.S. Embassy Beirut personnel are restricted from personal travel without advance permission. Additional travel restrictions may be imposed on U.S. personnel under Chief of Mission security responsibility, with little to no notice due to increased security issues or threats," the State Department said in its Travel Advisory and issued a "Level 4: Do not travel" warning for Lebanon.

The decision comes amid fears that Lebanon-based Hezbollah may launch attacks on Israel if the US strikes Iran.

https://breakingthenews.net/Article/US-confirms-evacuation-of-Beirut-embassy/65727485

CrowdStrike drops after Anthropic unveils security tool

 The shares of the American cybersecurity technology company CrowdStrike Holdings, Inc. dropped by more than 11% on Monday after Anthropic announced a new security tool built into Claude Code on the web that scans codebases for security vulnerabilities and suggests targeted software patches for human review. The new tool, called Claude Code Security, was unveiled last Friday in a limited research preview, and it launched a selloff among major cybersecurity companies, including Cloudflare, Fortinet, Zscaler, Tenable, and International Business Machines Corporation (IBM).

https://breakingthenews.net/Article/CrowdStrike-dips-11-after-Anthropic-unveils-security-tool/65727621

Canada summoned senior leaders of OpenAI to Ottawa over shooting - minister

 Artificial Intelligence Minister Evan Solomon says he summoned representatives from OpenAI to Ottawa to discuss safety concerns following revelations about interactions the Tumbler Ridge, B.C. shooter had with ChatGPT.

ChatGPT says the account was suspended over concerns with the suspect’s posts, but it did not alert law enforcement officials in Canada because it was not deemed to be an immediate threat.

https://www.winnipegfreepress.com/arts-and-life/life/sci-tech/2026/02/23/cp-newsalert-openai-safety-reps-summoned-to-ottawa-after-b-c-shooting-incident

IBM Plunges After Anthropic's Latest Update Takes On Cobol

 After disrupting countless Software/SaaS/finance/real estate/broker sectors, Anthropic's Claude is now going after targeted companies. 

A little before 2pm ET, Bloomberg sent out a headline that Anthropic's Claude has found yet another skillset:

  • *ANTHROPIC SAYS CLAUDE CODE CAN AUTOMATE COBOL MODERNIZATION

A herd of panicked IBM longs flooded to the Claude blog to read more on what is happening. Here's what it found (excerpted): 

COBOL is everywhere. It handles an estimated 95% of ATM transactions in the US. Hundreds of billions of lines of COBOL run in production every day, powering critical systems in finance, airlines, and government.

Despite that, the number of people who understand it shrinks every year.

The developers who built these systems retired years ago, and the institutional knowledge they carried left with them. Production code has been modified repeatedly over decades, but the documentation hasn't kept up. Meanwhile, we aren't exactly minting replacements—COBOL is taught at only a handful of universities, and finding engineers who can read it gets harder every quarter.

Given these roadblocks, how can organizations modernize their systems without losing the reliability, availability, and data they’ve accumulated over decades? And without breaking anything?

* * * 

How AI changes COBOL modernization

AI excels at streamlining the tasks that once made COBOL modernization cost-prohibitive. With it, your team can focus on strategy, risk assessment, and business logic while AI automates the code analysis and implementation.

* * * 

Start your COBOL modernization

The approach outlined above works for COBOL systems of any size. Tools like Claude Code can automate much of the exploration and analysis work described, giving your team the comprehensive understanding they need to plan and execute migrations confidently.

Start with a single component or workflow that has clear boundaries and moderate complexity. Use AI to analyze and document it thoroughly, plan the modernization with your engineers, implement incrementally with testing at each step, and validate carefully.  This will build organizational confidence and surface adjustments needed for your systems.

In kneejerk reaction, IBM stock, already down sharply on the day, and tumbling 20% from its all time highs just earlier this month, plunged $15 to the lowest level since Liberation Day, briefly dipping below $230...

... as the market realized that it is the latest target of the Claude disruption train. You see, Common Business-Oriented Language (COBOL)  a high-level, English-like compiled programming language developed specifically for business data processing, via IBM. 

As such, anything that can disrupt this lucrative ecosystem created by IBM (sell COBOL, then sell consultancy contracts to adjust the code), would immediately smash IBM stock, and that's precisely what happened. 

Which begs the question: after various Claude updates caused hundreds of billions in market cap damage in the past 3 weeks, is the company's strategy to keep rolling incremental disruption updates becoming Antrhopic's self-funding strategy. After all, if Dario Amodei had bought puts on IBM, and the dozens of companies that have plunge dmore than double digits in recent weeks, he would have made billions, certainly enough to fund his company for months if not years. 

And if not Anthropic, when will OpenAI - which needs capital much more badly than its enterprise-focused peer - do the same? 

https://www.zerohedge.com/markets/ibm-plunges-after-anthropics-latest-update-takes-cobol