Pliant Stock Moves Higher On Positive Data From Pulmonary Fibrosis Trial

  • Pliant Therapeutics Inc PLRX stock is moving higher during the premarket session in reaction to interim results from a Phase 2a positron emission tomography (PET) imaging-based trial of PLN-74809 for idiopathic pulmonary fibrosis (IPF).
  • PLN-74809 is an oral small molecule dual selective inhibitor of αvβ6/αvβ1.
  • Across four dose levels, all patients achieved greater than 50% target engagement after a single dose of PLN-74809. 
  • Single-dose administration of PLN-74809 achieved αvβ6 target engagement up to 98% in the lungs of IPF patients.
  • In addition, there was a dose- and plasma concentration-dependent response with the two highest doses approaching target saturation.
  • PLN-74809 reached highly fibrotic regions of the lung and was bound to αvβ6 in IPF patients.
  • No serious adverse events were reported.
  • Price Action: PLRX shares are up 25.7%% at $24.28 during the premarket session on the last check Tuesday.

Posted In: Briefsidiopathic pulmonary fibrosisPhase 2 TrialBiotechLong IdeasNewsHealth CareSmall CapMoversTrading IdeasGeneral

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