Shire (SHPG) shares were up more than 6% premarket after the company announced the successful 26-week drug trial of lanadelumab, a drug that treats hereditary angiodema, a rare disease that causes swelling in the extremities, gastrointestinal tract, and upper airways.
About 90% the of the study's patients, which was conducted on patients aged 12 years and older, completed the trial and 96% of those that completed chose to roll over into the long-term study.
"We are extremely encouraged by these topline Phase 3 results. We have nearly a decade of experience and a strong portfolio and pipeline in HAE and believe these data demonstrate high potential for transforming the way patients living with this condition are treated," CEO Flemming Ornskov, M.D., M.P.H. said.
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