Akebia Therapeutics Announces Initial Findings From Investigator-Sponsored Clinical Study Evaluating Vadadustat For Prevention And Treatment Of Acute Respiratory Distress Syndrome (ARDS) In Subjects With COVID-19 And Hypoxemia (VSTAT)

 Akebia Therapeutics®, Inc. (NASDAQ:AKBA), a biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease, today announced initial findings from an

 Akebia Therapeutics®, Inc. (NASDAQ:AKBA), a biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease, today announced initial findings from an investigator-sponsored study evaluating vadadustat, Akebia’s investigational oral hypoxia-inducible factor prolyl hydroxylase inhibitor (HIF-PHI), for the prevention and treatment of ARDS in clinical trial subjects with COVID-19 and hypoxemia (O2 saturation ≤94%). The VSTAT trial (Vadadustat for the Prevention and Treatment of ARDS in Hospitalized Patients with Coronavirus Disease 2019) was a phase 2, randomized, double-blind, placebo-controlled trial, conducted by The University of Texas Health Science Center at Houston (UTHealth) in Houston, Texas and partially funded by Akebia.

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On Friday, July 14, Wall Street ended the session mixed, with the bank and financial shares slipping post quarterly reports, kicking off the 2Q23 earnings season. The Dow Jones Industrial Average ended Friday’s session 0.33% higher at 34,509.03; the S&P 500 fell 0.10% to 4,505.42; and the Nasdaq Composite closed lower by 0.18%, at 14,113.70.

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