Novartis said its experimental drug atrasentan was shown to have a positive effect on kidney function in people suffering from a rare type of kidney disease in an interim analysis of a late-stage drug trial. Treatment with the drug candidate, acquired as part of the purchase of U.S. biotech firm Chinook Therapeutics for up to $3.5 billion, resulted in a clinically meaningful improvement in kidney filtration in patients suffering from IgA nephropathy when compared to placebo, the Swiss drugmaker said in a statement.
The Q3 earnings season is in full swing, and we’ve already seen the first wave of big tech results. Investors were not thrilled; Google parent Alphabet reported a slowdown in cloud revenues, and the stock market fell sharply on sentiment that Q3 earnings may not be as pretty as predicted. But the outlook is less cloudy for the coming year. In a recent note on current and coming conditions, investment bank Morgan Stanley notes that growth is expected to jump heading into next year: “For 3Q, conse
Let’s talk about penny stocks. These are equities that trade for less than $5 per share, at the very bottom of the price range. While they are priced that low for a reason – and the reasons may vary – a low price in itself doesn’t mean that the stock’s fundamentals are sour. Smart investors can find some true bargains among penny stocks and set themselves up for outsized gains. The opportunity is linked to a simple question: Why is the company’s stock priced so low? If the answer is mainly benig
Oral presentation of Phase 2b, 96-week, open-label, maintenance efficacy and safety in obefazimod-treated patients with moderately to severely active ulcerative colitis (UC)Moderated poster presentation highlighting correlation of pharmacokinetic .