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Akero Therapeutics - AKRO STOCK NEWS

Welcome to our dedicated page for Akero Therapeutics news (Ticker: AKRO), a resource for investors and traders seeking the latest updates and insights on Akero Therapeutics stock.

Akero Therapeutics, Inc. (Nasdaq: AKRO) is a clinical-stage biotechnology company based in South San Francisco, developing innovative treatments for major metabolic diseases, including non-alcoholic steatohepatitis (NASH). Focused on creating best-in-class medicines, Akero's lead clinical program centers on efruxifermin (EFX), a modified FGF21 protein designed to reduce liver fat, inflammation, and fibrosis. EFX is engineered to target both the liver and adipose tissue, offering potential comprehensive benefits to NASH patients.

Building on over two decades of FGF21 research, Akero has achieved significant milestones. Their Phase 2b HARMONY study, evaluating EFX in pre-cirrhotic NASH patients, demonstrated impressive results at Week 96, including substantial fibrosis improvement and liver health biomarkers. Additionally, the SYNCHRONY program encompasses multiple Phase 3 clinical trials aimed at both cirrhotic and pre-cirrhotic NASH patients, further validating the efficacy and safety profile of EFX.

Akero's rigorous clinical trials and outstanding engagement with the FDA underscore their commitment to addressing high unmet medical needs. Their recent public stock offering has bolstered financial stability, ensuring sustained progress in their groundbreaking research and development efforts. For more information, visit Akero Therapeutics and follow them on LinkedIn and Twitter.

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Akero Therapeutics, a clinical-stage company focused on treatments for metabolic diseases, will present at the BofA Securities 2024 Health Care Conference on May 14, 2024, in Las Vegas, NV. The presentation can be accessed through the company's website.

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Akero Therapeutics, Inc. appoints Scott Gangloff as Chief Technology Officer. Gangloff brings 30 years of experience in biopharmaceutical development and manufacturing, having led teams through BLAs and product approvals. He will contribute to the commercialization and manufacturing strategy of efruxifermin, a Phase 3 trial drug for MASH treatment.

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Akero Therapeutics, Inc. (AKRO) successfully closed a public offering of 12,650,000 shares of common stock at $29.00 per share, raising approximately $366.9 million. The underwriters exercised their option to purchase additional shares, leading to a significant increase in gross proceeds. The offering was managed by top firms like J.P. Morgan, Morgan Stanley, Jefferies, and Evercore ISI.
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Akero Therapeutics, Inc. announces positive results from a Phase 2b study on efruxifermin (EFX) in patients with Type 2 diabetes and liver fibrosis. The study shows EFX combined with GLP-1 receptor agonist therapy improves liver health markers, reduces liver fat, and enhances metabolic health, indicating potential for treating patients with MASH.
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Akero Therapeutics, Inc. (AKRO) announced the pricing of an underwritten public offering of 11,000,000 shares of its common stock at $29.00 per share, aiming to raise $319.0 million. The company has also granted underwriters an option to purchase additional shares. This move is part of Akero's strategy to develop treatments for metabolic diseases.
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Akero Therapeutics, Inc. (AKRO) initiates a $300.0 million public offering of common stock, with a 30-day option for an additional $45.0 million. J.P. Morgan, Morgan Stanley, Jefferies, and Evercore ISI are the joint book-running managers. The offering is subject to market conditions.
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Akero Therapeutics (AKRO) releases promising week 96 results from HARMONY study on EFX for pre-cirrhotic MASH patients, showing significant improvements in fibrosis stages and histological endpoints. The 50mg EFX group demonstrated a 75% improvement in fibrosis, a 46% improvement for the 28mg group, and significant improvements in various histological endpoints compared to the placebo group.
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Akero Therapeutics, Inc. (AKRO) will present clinical data from its HARMONY study after 96 weeks of treatment for pre-cirrhotic metabolic dysfunction-associated steatohepatitis patients. The investor webcast is scheduled for March 4 at 8:00 a.m. ET.
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Akero Therapeutics, Inc. reported Q4 and full year financial results for 2023, with significant updates on their Phase 3 SYNCHRONY program and Phase 2b SYMMETRY study. They initiated two Phase 3 studies and reported promising results in the Phase 2b study. Financially, Akero's cash reserves are strong, supporting operations until 2026.
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Akero Therapeutics, Inc. (Nasdaq: AKRO) will present at the 42nd Annual J.P. Morgan Healthcare Conference on January 8, 2024, at 09:45 a.m. P.T. in San Francisco, CA. The company is focused on developing transformational treatments for patients with serious metabolic diseases with high unmet medical need.
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FAQ

What is the current stock price of Akero Therapeutics (AKRO)?

The current stock price of Akero Therapeutics (AKRO) is $51.84 as of February 21, 2025.

What is the market cap of Akero Therapeutics (AKRO)?

The market cap of Akero Therapeutics (AKRO) is approximately 3.9B.

What is Akero Therapeutics' main focus?

Akero Therapeutics focuses on developing treatments for serious metabolic diseases, primarily non-alcoholic steatohepatitis (NASH).

What is efruxifermin (EFX)?

Efruxifermin (EFX) is Akero's lead product, a modified FGF21 protein designed to reduce liver fat, inflammation, and fibrosis in NASH patients.

What are the key results from the HARMONY study?

The HARMONY study showed significant improvements in fibrosis and liver health biomarkers at Week 96 in patients treated with EFX.

What is the SYNCHRONY program?

The SYNCHRONY program includes Phase 3 clinical trials evaluating EFX in both cirrhotic and pre-cirrhotic NASH patients to further assess efficacy and safety.

How is Akero Therapeutics funded for their research?

Akero recently completed a public stock offering, raising substantial funds to support ongoing and future clinical trials and research efforts.

What is the significance of Akero's work with the FDA?

Akero's engagement with the FDA helps ensure regulatory compliance and accelerates the path towards potential approval of their treatments for NASH.

Where is Akero Therapeutics headquartered?

Akero Therapeutics is headquartered in South San Francisco, California.

How can I get more information about Akero Therapeutics?

Visit their website at akerotx.com and follow them on LinkedIn and Twitter for the latest updates and information.
Akero Therapeutics

Nasdaq:AKRO

AKRO Rankings

AKRO Stock Data

3.86B
67.25M
5.12%
97.79%
4.8%
Biotechnology
Pharmaceutical Preparations
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United States
SOUTH SAN FRANCISCO