The street hailed 89bio, Inc.’s Phase IIb top-line data readout for pegozafermin (BIO89-100) in non-alcoholic steatohepatitis (NASH) on 22 March, saying it largely levels the playing field with Akero Therapeutics, Inc. and its FGF21 analog, which yielded successful Phase IIb data last September. One analyst called the 89bio dataset “unequivocally robust and definitive PoC results,” while another asserted that the two companies’ recent data position the FGF21 class as the best “high-efficacy mechanism” in NASH.
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