La Jolla Pharma +22.8% AH on positive trial results

|About: La Jolla Pharmaceutical Co. (LJPC)|By:, SA News Editor

La Jolla's (LJPC) Phase 2 trial of its GCS-100 chronic kidney disease drug "met its primary efficacy endpoint of a statistically significant improvement in kidney function." A 1.5 mg/m2 dose led to a statistically significant increase in estimated glomerular filtration rate relative to a a placebo. (PR)

Secondary endpoints were also achieved, and 117 out of 121 enrolled patients completed treatment.

La Jolla: "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."

CC tomorrow at 8:30AM ET. Ahead of the CC, management is presenting at a Roth conference at 5:30PM ET today (webcast).

Wedbush launched coverage with an Outperform last month, arguing there was a "70% probability of a positive outcome" for the trial.