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Everest Medicines Reports In-licensed Candidate Effective for Rare Kidney Disease

publication date: Jun 22, 2023

Shanghai Everest Medicines reported that a partnered rare disease drug, a treatment for the kidney disease,  IgA nephropathy (IgAN), was effective in a Phase III trial conducted by Sweden’s Calliditas Therapeutics. In 2019, Everest entered a $121 million deal for China rights to Nefecon from Calliditas. Nefecon is an oral delayed release formulation of budesonide, a corticosteroid with potent glucocorticoid activity. The results of the Phase III trial showed a statistically significant improvement compared to placebo. Everest said it expects to release data from a cohort of China patients in Q3 of 2023. More details....

Stock Symbols: (HK: 1952) (NSDQ: CALT)

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