Vera Therapeutics gains after kidney disease drug meets goals in confirmatory trial
BUZZ-Vera Therapeutics gains after kidney disease drug meets goals in confirmatory trial ** Shares of Vera Therapeutics VERA.O rise 11.6% to $38 premarket
** Company says its drug Trutakna has met all goals in a late-stage confirmatory trial of 428 adults with immunoglobulin A nephropathy, which can lead to kidney failure
** Drug largely stabilized kidney function and cut the risk of disease progression by 76% vs placebo over two years - VERA
** No Trutakna patients experienced long-term dialysis, kidney transplantation or death through two years, compared to eight patients on placebo - VERA
** Safety was broadly similar to placebo, with no new concerns reported
** Company plans to seek full U.S. approval in Q4 2026 after the drug received accelerated approval in July
** As of last close, VERA down 32.8% YTD
(Reporting by Kunal Das in Bengaluru)
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Vera Therapeutics gains after kidney disease drug meets goals in confirmatory trial