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Relypsa's Veltassa OK'd, But Black Box Spooks Investors

This article was originally published in Scrip

Executive Summary

Even though Relypsa Inc. achieved the ultimate regulatory success of gaining US approval on Oct. 21 of Veltassa (patiromer) – the first drug in 50 years to treat hyperkalemia, which often affects people with stage 3 or 4 chronic kidney disease, heart failure, diabetes and hypertension – investors were spooked by the black-box warning the FDA imposed on the medicine's labeling.

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