BUZZ-Vera jumps on additional mid-stage study data for kidney disease drug

Reuters

2024/10/28

** Vera Therapeutics' shares rise 14.1% to $46.88, highest since April ** On Saturday, Vera reported additional data from a mid-stage study testing its kidney disease drug, atacicept, as a potential treatment for IgA nephropathy

** IgA nephropathy causes a protein called immunoglobulin A to build up in the kidney

** At week 96, atacicept helped in reducing excess levels of a protein in urine and stabilizing kidney function levels, compared to placebo - VERA ** VERA said it will submit results from late-stage study of atacicept in Q2 2025

** Including session's move, stock has more than tripled YTD

(Reporting by Christy Santhosh) ((Christy.Santhosh@thomsonreuters.com))

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