Travere Therapeutics shares plunge as kidney-disease treatment has mixed results in trial

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Why Is Kidney-Disease Focused Travere Therapeutics Stock Trading Lower Today? - Travere Therapeutics (NASDAQ:TVTX)

Travere Therapeutics Inc (NASDAQ: TVTX) announced topline two-year confirmatory secondary endpoint results from its head-to-head Phase 3 PROTECT Study of Filspari (sparsentan) in IgA nephropathy (IgAN) versus Sanofi SA's (NASDAQ: SNY) Avapro (irbesartan).  Filspari demonstrated long-term kidney function preservation and achieved a clinically meaningful difference in estimated glomerular filtration rate (eGFR) total and chronic slope versus irbes…