Encouraging Phase II data support share price rise for CymaBay
Shares in CymaBay Therapeutics (Nasdaq: CBAY) leapt yesterday on news from a Phase II study of seladelpar in patients with primary biliary cholangitis (PBC).
The interim analysis of the trial into the orally-administered non-alcoholic steatohepatitis (NASH) candidate showed the drug “exhibits potent and sustained anti-cholestatic and anti-inflammatory efficacy over 26 weeks of administration.”
CymaBay said the drug was generally safe and well tolerated, with no transaminase elevation safety signal. Although there were six serious adverse events, none were deemed related to seladelpar.
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