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Vertex kidney disease drug hits mark in late-stage study
Vertex Pharmaceuticals announced positive late-stage trial results for its experimental drug, povetacicept, for IgA nephropathy, a rare kidney disease. The drug achieved a significant reduction in protein in participants’ urine and Vertex plans to complete its accelerated approval application to the U.S. regulators by the end of the month. Despite competition, Vertex believes povetacicept has “best-in-class potential” for its multi-billion dollar market.