Vera Therapeutics Shares Climb 14% on Positive Results in Kidney Disease Study

Dow Jones

2024/10/28

By Jasmine Li

Shares of Vera Therapeutics rose after trial results for its atacicept treatment showed potential to prevent kidney failure in patients with immunoglobulin A nephropathy.

The biotechnology company's stock climbed 14.18% in Monday morning trading. Shares have more than quadrupled year over year.

Brisbane, Calif.-based Vera Therapeutics said Saturday evening the phase 2b trial showed stabilized kidney function through 96 weeks of long-term follow-up in patients with the chronic kidney disease that occurs when the protein IgA builds up in the kidneys.

"The stabilization of kidney function through two years -- the longest duration of data among B cell modulators to date -- positions atacicept as a potential best- and first-in-class treatment option for patients with IgAN," said Chief Executive Marshall Fordyce.

Fordyce said the company plans to announce topline results from the phase 3 trial in the second quarter of 2025, and apply for a biologics license application from the Food and Drug Administration later in the year.

Write to Jasmine Li at jasmine.li@wsj.com

(END) Dow Jones Newswires

October 28, 2024 10:31 ET (14:31 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Shares have more than quadrupled year over year. \n</p>\n<p>\n  Brisbane, Calif.-based Vera Therapeutics said Saturday evening the phase 2b trial showed stabilized kidney function through 96 weeks of long-term follow-up in patients with the chronic kidney disease that occurs when the protein IgA builds up in the kidneys. \n</p>\n<p>\n  \"The stabilization of kidney function through two years -- the longest duration of data among B cell modulators to date -- positions atacicept as a potential best- and first-in-class treatment option for patients with IgAN,\" said Chief Executive Marshall Fordyce. \n</p>\n<p>\n  Fordyce said the company plans to announce topline results from the phase 3 trial in the second quarter of 2025, and apply for a biologics license application from the Food and Drug Administration later in the year. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Jasmine Li at jasmine.li@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 28, 2024 10:31 ET (14:31 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2478482623","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478482623","pubTimestamp":1730125860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Vera Therapeutics rose after trial results for its atacicept treatment showed potential to prevent kidney failure in patients with immunoglobulin A nephropathy.The biotechnology company's stock climbed 14.18% in Monday morning trading. 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Shares have more than quadrupled year over year. \n\n\n  Brisbane, Calif.-based Vera Therapeutics said Saturday evening the phase 2b trial showed stabilized kidney function through 96 weeks of long-term follow-up in patients with the chronic kidney disease that occurs when the protein IgA builds up in the kidneys. \n\n\n  \"The stabilization of kidney function through two years -- the longest duration of data among B cell modulators to date -- positions atacicept as a potential best- and first-in-class treatment option for patients with IgAN,\" said Chief Executive Marshall Fordyce. \n\n\n  Fordyce said the company plans to announce topline results from the phase 3 trial in the second quarter of 2025, and apply for a biologics license application from the Food and Drug Administration later in the year. \n\n\n \n\n\n  Write to Jasmine Li at jasmine.li@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 28, 2024 10:31 ET (14:31 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}