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Benzinga
204 days

Liver Disease-Focused Akero Therapeutics Stock Soars Over 100% On Monday - Here's Why

1. Akero's EFX shows 39% cirrhosis reversal in treated patients. 2. Effect size of 24% over placebo indicates significant efficacy. 3. Longer treatment led to doubled effect size from weeks 36 to 96. 4. EFX is generally well-tolerated with few adverse events reported. 5. AKRO stock surged 112.5% to $55.60 in premarket trading.

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FAQ

Why Very Bullish?

The significant efficacy in cirrhosis reversal may attract investor attention, similar to past biotech successes.

How important is it?

The study results are pivotal for AKRO’s valuation and market positioning.

Why Short Term?

Immediate market reaction is expected due to strong clinical results, reminiscent of acute market responses to trial data.

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