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Shares of KalVista Pharmaceuticals (NASDAQ: KALV) are up over 175% premarket after the company reported positive topline data from its Phase 2 clinical trial of KVD900 as an oral on-demand treatment for hereditary angioedema (HAE) attacks.
KalVista’s stock price is trading at $43 premarket, up 175.46%.
“We are very excited to share this positive data which shows that KVD900 is the first oral therapy to achieve clinical efficacy results comparable to current injectable therapies, while also demonstrating a promising safety and tolerability profile,” commented Andrew Crockett, CEO of KalVista.
The Phase 2 randomised, double-blind, placebo-controlled crossover clinical trial evaluated the efficacy and safety of KVD900 as an on-demand treatment for HAE attacks. The trial enrolled 53 adult HAE patients at 25 clinical sites in the United States and Europe, Including type 1 and 2 HAE patients who had three attacks in 90 days before enrollment.
The data found that:
“Today’s data show that KVD900 halts HAE attack progression and also provides rapid relief by shortening the time to symptom resolution,” said Dr Emel Aygören-Pürsün, Principal Investigator for the KVD900 Phase 2 Clinical Trial and Head of the HAE Center at the University Hospital Frankfurt.
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