XORTX Therapeutics jumps on positive results for kidney disease drug

XORTX Therapeutics

19/01/2023 16:59

(Updates)
    ** U.S.-listed shares  XRTX.O  of XORTX Therapeutics Inc up
34.1% at $1.05, set for biggest one-day pct gain in more than
six months
    ** Drug developer says its experimental drug was shown to be
safe and effective in treatment of a rare disease called
autosomal dominant polycystic kidney disease (ADPKD)
    ** ADPKD is characterized by expansion of fluid-filled cysts
in the kidneys
    ** The drug candidate, xorlo, is an oral formulation of
oxypurinol which inhibits the production of uric acid, company
says
    ** The drug's oral formulation helps in increased absorption
of oxypurinol - XRTX 
    ** Including session moves, company's shares down ~42% in
the past 12 months
 (Reporting by Mariam E Sunny)
 ((Mariam.ESunny@thomsonreuters.com))