Akero says MASH drug reverses liver damage in study, doubling shares
- Akero Therapeutics' experimental drug Efruxifermin significantly reversed liver damage in a mid-stage study of patients with cirrhosis due to metabolic dysfunction-associated steatohepatitis, according to Akero.
- The study results exceeded expectations, leading to a more than doubling of Akero's shares and a 50% increase in competitor 89bio's stock.
- 29% of patients on the highest dose of Efruxifermin showed improvement in liver scarring, compared to only 12% on placebo, as stated by Akero.
- Analysts described Akero's results as a 'home run' and noted the drug's potential for transformational impact, according to Michael Yee of Jefferies.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage