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NephroGenex soars on cardiac safety data

 
• By Sukaina Virji

US firm NephroGenex, which conducted its initial public offering early this year, saw its share price close up almost 300% at $13.35 on 31 December on news that its sole drug candidate, Pyridorin, was found to be safe in a cardiac safety study.

US firm NephroGenex, which conducted its initial public offering early this year, saw its share price close up almost 300% at $13.35 on 31 December on news that its sole drug candidate, Pyridorin, was found to be safe in a cardiac safety study.

The IPO in February was priced at $12 a share, but the Raleigh, NC-company had seen its stock price drift...

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