Allena Pharmaceuticals Inc.’s reloxaliase reduced kidney stone formation in two patient populations. But unexpectedly high placebo results from one trial could hamper the small biotech firm in securing financing for further studies.
“Taken together, we believe the results presented today highlight the opportunity for reloxaliase to favorably impact patients across the disease spectrum,” CEO Louis Brenner told a 7 November investor call announcing the results of its first Phase III trial, URIROX-1, as well as Study 206, a Phase II trial in EH patients with chronic kidney disease
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