Vertex Pharmaceuticals Stock Jumps After The Close: Here’s Why

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Vertex Pharmaceuticals Inc (NASDAQ:VRTX) shares are rising in extended trading Monday after the company announced positive interim results for one of its Phase 3 trials.

Vertex Reports Positive Results For All Endpoints

Vertex announced positive data from a pre-specified week 36 interim analysis of its ongoing phase 3 RAINIER trial of povetacicept in immunoglobulin A nephropathy.

Povetacicept is an engineered fusion protein and dual inhibitor of the BAFF (B cell activating factor) and APRIL (a proliferation inducing ligand) cytokines.

The trial met its primary objective, achieving a 52% reduction …

Full story available on Benzinga.com

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