Vertex Shares Surge as Povetacicept Hits Phase 3 Goal in Kidney Disease
Vertex Pharmaceuticals reported that its lead kidney drug candidate, povetacicept, achieved a 52% reduction in proteinuria in a late-stage trial for IgA nephropathy. The success validates Vertex's $4.9 billion acquisition of Alpine Immune Sciences and marks a significant step in its strategy to diversify beyond cystic fibrosis.