By Adriano Marchese
Apogee Therapeutics shares soared in premarket trading Monday after the company said it received positive trial data for its atopic dermatitis treatment.
Shares traded 36% higher ahead of the morning bell at $64.45.
The clinical stage biopharmaceutical company on Monday said that the second phase of the APEX clinical trial for APG777 met all primary and key secondary endpoints and exceeded trial objectives.
The 16-week trial tested the company's treatment for moderate-to-severe atopic dermatitis, a chronic, inflammatory skin condition marked by intense itching, red, inflamed scaly patches that can also interfere with sleep and general quality of life.
Some of the findings included efficacy results, which compared favorably to standard care treatments, as well as rapid itch relief and lesion reduction, and a favorable safety profile.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
Apogee Therapeutics announced results from the phase 2 APEX Part A clinical trial for APG777. "Apogee Therapeutics Rise on Positive Data from Dermatitis Treatment Trials," at 6:32 a.m. ET, incorrectly said the data was from a second phase of the trial.
(END) Dow Jones Newswires
July 07, 2025 09:44 ET (13:44 GMT)
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