Israeli pharma company Protalix BioTherapeutics (NYSE American: PLX) and family-owned Italian drugmaker Chiesi have announced positive top-line results from the 24-Month Phase III BALANCE trial of PRX-102 (pegunigalsidase alfa) in Fabry disease.
PRX-102 successfully met the primary endpoint on kidney function in active control, non-inferiority study versus agalsidase beta, a drug marketed by Sanofi (Euronext: SAN) as Fabrazyme.
Monday’s announcement sent shares in Protalix up by 42% by the close.
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