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Stock impact report

Akero Therapeutics: Deceptively Promising [Seeking Alpha]

Akero Therapeutics, Inc. (AKRO) 
Last akero therapeutics, inc. earnings: 3/16 07:30 am Check Earnings Report
Company Research Source: Seeking Alpha
EFX still has to jump through clinical trials and has a long way to go until approval. The NASH landscape has become increasingly complex since the approval of GLP-1s and Resmetirom's successful phase three trial, and it is unclear if EFX can differentiate itself. Introduction Shares of Akero Therapeutics ( NASDAQ: AKRO ) fell to 52-week lows earlier in October after reporting poor early results from a critical phase two NASH cirrhosis study; efruxifermin (EFX) failed to hit the fibrosis primary endpoint in that trial. Since then, the stock has rallied by approximately 40%, rising from ~$11.30 a share at the low to about $15.50 a share today. Investors seem to be betting that HARMONY - another phase two trial but for F2-F3 NASH patients - will report positive results in Q1'24. Moreover, it seems that the market is starting to gain confidence that EFX can still become an FDA approved and commercially successful drug to treat NASH. Based on the existing data, I would agree with Show less Read more
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