Clinical Trial SuccessApellis reported better-than-expected, positive results for subq pegcetacoplan in two rare, serious kidney diseases (C3G/IC-MPGN), achieving a 68% placebo-adjusted reduction in proteinuria, exceeding expectations.
European Market OpportunitiesProcedural changes have been made regarding the European Medicines Agency's review process, renewing optimism for a positive opinion on approval for pegcetacoplan in Europe.
Financial PerformanceThe company reiterated they continue to expect to become cash flow positive without the need to raise any additional capital.