ChemoCentryx Inc. and partner Vifor Fresenius Medical Care Renal Pharma Ltd. believe their drug avacopan may be able to replace chronic use of glucocorticoid steroids in the treatment of anti-neutrophil cytoplasmic antibody (ANCA)-associated vasculitis after the selective complement 5a receptor inhibitor met the two primary and multiple secondary endpoints in the Phase III ADVOCATE clinical trial.
The companies announced detailed top-line results after the stock market closed on 25 November and ChemoCentryx saw its stock price quadruple in after-hours trading to $32.19 per share
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