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After-Hours Action: Why Kezar Life Sciences Stock Is Soaring

Published 27/06/2022, 21:20
Updated 27/06/2022, 22:11
© Reuters.  After-Hours Action: Why Kezar Life Sciences Stock Is Soaring

Kezar Life Sciences Inc (NASDAQ: KZR) shares are surging in Monday's after-hours session after the company announced topline results from the MISSION Phase 2 clinical trial evaluating zetomipzomib.

Zetomipzomib is a novel, first-in-class, selective immunoproteasome inhibitor with broad therapeutic potential across multiple autoimmune diseases.

"The MISSION Phase 2 topline results show a clinically meaningful overall renal response to zetomipzomib after 6 months, without high-dose induction therapy. Patients in the trial also experienced reductions in extra-renal manifestations of lupus," said Noreen Henig, chief medical officer of Kezar.

Kezar is a clinical-stage biopharmaceutical company discovering and developing breakthrough treatments for immune-mediated and oncologic disorders.

KZR Price Action: Kezar has a 52-week high of $18.55 and a 52-week low of $4.30.

The stock was up 74.9% in after hours at $10.11 at press time, according to data from Benzinga Pro.

Photo: fernando zhiminaicela from Pixabay.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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