La Jolla's shares soar as it reports positive results in kidney disease trial

12 March 2014

US-based La Jolla Pharmaceutical Company (Nasdaq: LJPC) has announced positive top-line results from its randomized, placebo-controlled Phase II trial of GCS-100 in chronic kidney disease (CKD). The company’s shares rocketed on the news, closing up 64.8% at $19.96 yesterday.

George Tidmarsh, president and chief executive of La Jolla, said: “We are obviously delighted with the results. We hope to use these results as a platform for further investigation not only in chronic kidney disease but also in other diseases where tissue fibrosis plays a central role.”

Study results

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