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🔎 Under the Radar: Vera Stock Jumps as Kidney-Disease Drug Approved by FDA
The Wall Street Journal36d agobullish
🔎 Under the Radar: Vera Stock Jumps as Kidney-Disease Drug Approved by FDA

Shares of Vera Therapeutics rose about 8% Tuesday after the Food and Drug Administration approved its treatment for a kidney disease, IgA nephropathy, that affects about 160,000 people in the U.S. and often leads to kidney failure. The drug, called Trutakna, works by blocking two proteins that push the immune system to make antibodies that build up in the kidneys and cause damage. It is the first drug approved in the U.S. that targets both proteins at once, though several other drugs already treat the disease.

Investing.com37d agobullish
Crinetics soars on $10B acquisition by Vertex

Investing.com -- Vertex Pharmaceuticals Incorporated announced Monday it will acquire Crinetics Pharmaceuticals, Inc. for $85.00 per share in cash, representing a total equity value of approximately $10.0 billion, or approximately $8.8 billion net of estimated cash acquired.