Vertex rises after kidney disease drug shows promise in mid-stage study
BUZZ-Vertex rises after kidney disease drug shows promise in mid-stage study ** Shares of Vertex Pharmaceuticals VRTX.O rise 1.1% to $516.53
** The biotech firm says its experimental drug inaxaplin cut protein in urine, a key sign of kidney damage, by 42.7% after 13 weeks in patients with APOL1-mediated kidney disease
** The genetic kidney disorder mainly affects people of African ancestry and can lead to kidney failure; no approved therapies exist
** Co says the drug also cut protein levels by 17.3% in patients who had both the disease and type 2 diabetes
** Says inaxaplin was generally safe and well tolerated, with no treatment-related serious side effects
** Including session's move, stock up ~14% YTD
(Reporting by Sahil Pandey in Bengaluru)
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Vertex rises after kidney disease drug shows promise in mid-stage study
Brief: Vertex Pharmaceuticals Incorporated Says Inaxaplin Reduces UACR By -42.7% At Week 13 In AMKD With Modest Proteinuria