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Akero Therapeutics, Inc. - 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.

Rhea-AI Summary
Akero Therapeutics announces positive results from the HARMONY Phase 2b trial in NASH, indicating the potential of EFX to improve NASH histopathology and whole-body metabolism. Both EFX doses achieved statistical significance on primary and secondary histopathology endpoints after 24 weeks. EFX demonstrated statistically significant effects on multiple secondary endpoints, including improvements in liver injury and fibrosis, liver fat content, glycemic control, lipoproteins, and body weight. Phase 3 SYNCHRONY program to begin enrolling by the end of this year. Topline week 36 results from the SYMMETRY study in patients with compensated cirrhosis due to NASH to be reported this month.
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Akero Therapeutics to present at investor conferences this month
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Akero Therapeutics collects all samples and data for Phase 2b SYMMETRY study, with topline results expected in October. Results will include histology, fibrosis measures, glycemic control, lipoproteins, safety, and tolerability. Investor webcast planned.
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Akero Therapeutics (AKRO) reported positive results from Phase 2b SYMMETRY Cohort D, expansion cohort of Type 2 diabetic, pre-cirrhotic NASH patients treated with EFX or placebo in combination with a GLP-1 receptor agonist. Phase 3 SYNCHRONY studies on track to begin enrolling in the second half of 2023. $334.8 million in net proceeds raised. Akero's cash, cash equivalents and short-term and long-term marketable securities for the period ended June 30, 2023 were $658.9 million.
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FAQ

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

The current stock price of Akero Therapeutics (AKRO) is $29.34 as of December 20, 2024.

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

The market cap of Akero Therapeutics (AKRO) is approximately 2.0B.

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, Inc.

Nasdaq:AKRO

AKRO Rankings

AKRO Stock Data

1.98B
59.15M
5.33%
105.4%
5.19%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
SOUTH SAN FRANCISCO