AstraZeneca reveals positive Phase III data for roxadustat
Shortly after announcing Chinese approval for its novel small molecule roxadustat, AstraZeneca (LSE: AZN) has revealed positive Phase III data for the therapy, which is being developed to treat anemia in people with chronic kidney disease (CKD).
The drug is a new first-in-class treatment for the condition, which the London-listed firm is developing in collaboration with US company FibroGen (Nasdaq: FGEN).
Data from the trials will be part of the regulatory submission package in the USA and other major countries.
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