Danish biotech Gubra (CPSE: GUBRA) saw its share gains more than 8% to 448.00 kroner, after it announced positive results from the single ascending dose (SAD) Phase I clinical trial with the long-acting amylin analogue GUBamy (GUB014295).
The MAD part A results support further development of GUBamy for a weight management indication. The MAD study part B for testing higher doses is ongoing and is progressing as planned
Just last month, Gubra entered a $2.3 billion licensing deal with US pharma major AbbVie (NYSE: ABBV) to develop the investigational drug GUB014295, marking the US firm’s first entry into the obesity space.
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