Kailera Therapeutics up after weight-loss drug meets main goal of late-stage trials in China
BUZZ-Kailera Therapeutics up after weight-loss drug meets main goal of late-stage trials in China Updates
** Shares of Kailera Therapeutics KLRA.O rise 2.5% to $23.90
** The drug developer says its experimental oral obesity drug KAI-7535 for patients with diabetes and obesity met the main goals of two late-stage trials in China
** The studies evaluated the oral small-molecule GLP-1 receptor agonist HRS-7535, known as KAI-7535 outside Greater China, in obesity and Type 2 diabetes patients
** The drug was developed by China's Hengrui Pharma and licensed to Kailera in 2024 for markets outside Greater China
** In the obesity trial, patients receiving the highest 180 milligram dose lost an average 10.9% of their body weight after 44 weeks, compared with 2.5% for placebo
** Weight loss increased to 11.1% at week 50 - KLRA
** In a separate trial, HRS-7535 met its main goal of showing non-inferiority to AstraZeneca's AZN.L diabetes drug dapagliflozin in adults with Type 2 diabetes inadequately controlled on metformin
** Up to last close, stock is down 10.3% since its IPO in April
(Reporting by Siddhi Mahatole)
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