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ProKidney Shares Surge on FDA Support for Kidney Drug Trial
ByAinvest
Tuesday, Jul 15, 2025 10:31 am ET1min read
Shares of ProKidney rose 5.4% to $3.89 in early trading after receiving FDA support for its path to accelerated approval of rilparencel kidney disease drug. The biotech company is studying the drug in a Phase 3 trial to preserve kidney function in people with advanced chronic kidney disease and type 2 diabetes. ProKidney shared favorable results from a Phase 2 trial last week and is now in alignment with the FDA about the upcoming trial results required for accelerated approval.
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