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DXB — Dimerix News Story

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Australia's Dimerix gains as first patient completes four years on kidney disease drug

BUZZ-Australia's Dimerix gains as first patient completes four years on kidney disease drug 

** Shares of Australia's Dimerix DXB.AX rise as much as 8.6% at A$0.245, hitting their highest level since September 21

** Stock headed for its best session since September 28, if trend holds

** Biopharmaceutical co says first patient has successfully completed co's two-year Open Label Extension Study for its kidney disease drug DMX-200

** Adds, participants in the OLE study were initially part of the ACTION3 Phase 3 trial group

** Adds, 93% of ACTION3 participants have opted to continue receiving the drug as part of OLE

** Co says data from OLE study may support future regulatory and commercial activities for DMX-200

** Stock down 56.4% YTD


(Reporting by Shravya Marakini in Bengaluru)

((shravya.marakini@thomsonreuters.com;))

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