Palatin Technologies' Bremelanotide shows promise in treating diabetic kidney disease, boosting stock.
Palatin Technologies reported positive Phase IIb trial results for Bremelanotide in treating Type 2 diabetic nephropathy, a leading cause of chronic kidney disease. The study showed 71% of patients achieved a 30% reduction in protein in urine and 71% had improved kidney function. The company's stock rose 4.37% to $0.78 on the positive results.
3 months ago
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