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Stock impact report

FibroGen Reports UK Court Ruling

FibroGen, Inc (FGEN) 
Last fibrogen, inc earnings: 3/2 04:01 pm Check Earnings Report
Company Research Source: GlobeNewswire
SAN FRANCISCO, April 20, 2020 (GLOBE NEWSWIRE) -- FibroGen, Inc. (NASDAQ: FGEN) today announced that the United Kingdom’s High Court of Justice has held certain patents1 relating to methods of using hypoxia-inducible factor prolyl hydroxylase inhibitors (HIF-PHIs) to be invalid. This decision does not affect the validity of these patents across the rest of Europe. While FibroGen is disappointed with the court’s decision, this UK ruling does not affect development or commercialization timelines for roxadustat, FibroGen’s HIF-PHI for treatment of anemia in chronic kidney disease, including in the UK or elsewhere in Europe. Roxadustat is a first-in-class small molecule HIF-PH inhibitor approved in China for the treatment of anemia in chronic kidney disease (CKD) patients on dialysis and not on dialysis, and approved in Japan for the treatment of anemia in CKD patients on dialysis, with a supplemental NDA for the non-dialysis indication submitted this past January. The U.S. NDA for ro Show less Read more
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