FDA grants Breakthrough Therapy designation for Akero' NASH candidate
USA-based clinical-stage biotech Akero Therapeutics (Nasdaq: AKRO) saw its shares gain 3.4% to $43.60 by close of trading yesterday, after it has announced that efruxifermin (EFX) has received a Breakthrough Therapy designation from the US Food and Drug Administration (FDA) for the treatment of non-alcoholic steatohepatitis (NASH).
There are currently no approved therapies in major markets for the treatment of NASH, which is a serious form of liver disease estimated to affect 17 million Americans.
Industry analyst GlobalData has forecast that the market for NASH therapies could grow to $25 billion by 2026 across the seven major pharmaceutical markets, assuming new treatments come online.
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