Vertex Pharmaceuticals Inc

VRTX: XNAS (USA)
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Vertex: Positive Phase 3 Data for Povetacicept Brings $4.9 Billion Alpine Deal Closer to Payoff

Vertex Pharmaceuticals reported positive phase 3 data for povetacicept in IgA nephropathy, a chronic kidney disease that can lead to renal failure, showing a 49.8% reduction in proteinuria compared with placebo and meeting all primary and secondary endpoints. Shares rose 8% on March 10.

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