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Showing posts with label TVTX. Show all posts
Showing posts with label TVTX. Show all posts

Thursday, September 21, 2023

===Travere Therapeutics (TVTX) kidney-disease treatment has mixed results in trial

Travere Therapeutics Inc. released data from a late-stage study of Filspari in IgA nephropathy, a rare kidney disease. In a head-to-head study versus irbesartan, Filspari fell short of producing a statistically significant difference by one measure of kidney function, although patients on the treatment had some of the slowest annual rates of kidney function decline seen in IgA nephropathy clinical trials, Travere said in a release. 
 



Travere Therapeutics Announces Confirmatory Data from the Phase 3 PROTECT Study of FILSPARI Demonstrating Long-Term Kidney Function Preservation in IgA Nephropathy; Narrowly Missing eGFR Total Slope Endpoint versus Active Control, Irbesartan 
SAN DIEGO, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Travere Therapeutics, Inc. (Nasdaq: TVTX) today announced topline two-year confirmatory secondary endpoint results from the Company's pivotal head-to-head Phase 3 PROTECT Study of FILSPARI (sparsentan) in IgA nephropathy (IgAN) versus irbesartan. FILSPARI demonstrated long-term kidney function preservation and achieved a clinically meaningful difference in estimated glomerular filtration rate (eGFR) total and chronic slope versus irbesartan, narrowly missing statistical significance in eGFR total slope while achieving statistical significance in eGFR chronic slope for purposes of regulatory review in the EU. FILSPARI is currently available under accelerated approval in the U.S. The Company will engage with regulators and expects to submit a supplemental New Drug Application (sNDA) in 1H 2024 for full approval in the U.S.

Ligand Pharma (LGND) announces that its partner Travere Therapeutics (TVTX) released topline, two-year confirmatory secondary endpoint results from its pivotal, head-to-head Phase 3 PROTECT Study of FILSPARI in IgA nephropathy versus irbesartan 
  • FILSPARI demonstrated long-term kidney function preservation and achieved a clinically meaningful difference in estimated glomerular filtration rate total and chronic slope versus irbesartan, narrowly missing statistical significance in eGFR total slope while achieving statistical significance in eGFR chronic slope for purposes of regulatory review in the EU. FILSPARI is currently available under accelerated approval in the U.S. Travere will engage with regulators and expects to submit a supplemental New Drug Application in 1H 2024 for full approval in the U.S.
  • Under Ligand's license agreement with Travere for FILSPARI, Ligand is entitled to receive net royalties of 9% on global net product sales of FILSPARI.

Wednesday, September 20, 2023

Unusual Options Activity Wed 9/20/23

Stocks seeing volatility buying (bullish call buying/bearish put buying):


Calls:

  • TVTX Oct 15 calls are seeing interest with 140 contracts trading vs. open int of 790, pushing implied vol up around 38 points to ~247.84%. The Co is expected to report its next earnings in late October/early November
  • DYN Dec 7.50 calls are seeing interest with 80 contracts trading vs. open int of 1660, pushing implied vol up around 11 points to ~149.04%

Puts:

  • ACRS Dec 7.50 puts are active with 320 contracts trading vs. open int of 2100, pushing implied vol down around 78 points to ~397.77%. The Co announced results from Phase 1 Multiple Ascending Dose Trial of ATI-2138, an Investigational Oral Covalent ITK/JAK3 Inhibitor on Monday
  • AKRO Nov 45 puts are active with 230 contracts trading vs. open int of 3150, pushing implied vol down around 13 points to ~166.85%

Sentiment: The CBOE Put/Call ratio is currently: 0.92, VIX: (14.17, +0.06, +0.43%).
October 20 is options expiration -- the last day to trade October equity options.

Tuesday, September 19, 2023

Unusual Options Activity Tue 9/19/23

Stocks seeing volatility buying (bullish call buying/bearish put buying):

Calls:

  • LCID Jan 85 calls are seeing interest with 170 contracts trading vs. open int of 9890, pushing implied vol up around 39 points to ~172.74%. The Co is expected to report its next earnings in November
  • TVTX Oct 20 calls are seeing interest with 40 contracts trading vs. open int of 590, pushing implied vol up around 16 points to ~171.31%. The Co is expected to report its next earnings in late October/early November

Puts:

  • ACRS Dec 7.5 puts are active with 260 contracts trading vs. open int of 1790, pushing implied vol down around 76 points to ~324.41%. The Co announced results from Phase 1 Multiple Ascending Dose Trial of ATI-2138, an Investigational Oral Covalent ITK/JAK3 Inhibitor yesterday
  • SRPT Nov 75 puts are active with 130 contracts trading vs. open int of 1860, pushing implied vol down around 14 points to ~145.24%. The Co is expected to report its next earnings in late October/early November

Sentiment: The CBOE Put/Call ratio is currently: 0.91, VIX: (14.23, +0.23, +1.64%).
October 20 is options expiration -- the last day to trade October equity options.