Chinook Therapeutics shares rise on promising results for kidney disease drugs from B.C. company

Shares in Chinook Therapeutics Inc. rose for a second straight day Friday after the Canadian-American drug developer reported promising preliminary results for two drugs it is developing to treat a rare kidney disease.

Chinook’s Nasdaq-traded stock rose 10 per cent on Thursday on the BION-1301 news and 8.4 per cent Friday after publication of the atrasentan data. It closed the week at US$15.01. Chinook is running a separate, advanced efficacy human trial for atrasentan involving 320 patients, with half of participants set to receive the drug and the balance taking a placebo. Results are expected in 2024. Mr. Dobmeier said this week’s results were from “more of a signal-seeking trial” adding that despite the lack of a control group, “it really does provide strong evidence that this drug is working well in IgAN patients.

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Government to release business case in support of new Royal B.C. MuseumProvincial government to reveal plans for new Royal B.C. Museum Cash grab for insiders and destroying BC history. Woke joke. Cost to BC taxpayers 77 million, museum about Colonialization, racism, and indigenous history, they pay zero, ZERO, ZERO, oh goody, thank you NDP, next time money laundering Liberals, just love politicians. It’s woke BS. Just like the phrase “unmarked graves.”
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