Kezar Life Sciences $KZR Stock Price: Lots of optimism surrounds lupus trial results
KZR stock has spiked more than 90% on Tuesday to trade as high as $11.02.announced a breakthrough late Monday that today concerning a drug to treatshowed "positive, topline results." Shares of the biotech stock opened up 90% higher at $11.02 but then dropped down nearer $10, still up 75% in the first hour.
"The MISSION Phase 2 topline results show a clinically meaningful overall renal response to zetomipzomib after 6 months, without high-dose induction therapy. Patients in the trial also experienced reductions in extra-renal manifestations of lupus. Zetomipzomib appears to be immunomodulatory, well-tolerated and steroid-sparing – all important attributes for patients with autoimmune disease who are often young and active," said, Kezar’s Chief Medical Officer.
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