Akebia Reports Successful Clinical Trial Results
On September 26, Akebia Therapeutics (AKBA) reported positive results from a phase 2 clinical trial of the drug Vadadustat. The study results came from Japanese patients with anemia associated with non-dialysis chronic kidney disease and confirmed prior findings.
Rocket Tickers detected the event and sent out an alert at 7:00 am. The next trade occurred during pre-market hours at $18.25 before a fade back when regular trading opened at $17.95.
Akebia’s stock price continued its upward trend over the next five trading days. This move marks a gain of around 9% since the opening trade following the event.
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