Oruka reveals $180M financing and late breaking psoriasis data
US drug developer Oruka Therapeutics’ (Nasdaq: ORKA) shares leapt as much as 20% in early trading, after it announced positive data from its Phase I trial of ORKA-001, its long-acting interleukin (IL)-23p19 antibody, in a late-breaking abstract at the European Academy of Dermatology and Venerology (EADV) Congress in Paris, France.
These results, as well as additional details on the Phase II trial (called EVERLAST-A) design, are being presented in two oral presentations at the conference.
Of note, Oruka also announced a $180 million financing early this morning.
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