La Jolla announces completion of enrollment of Phase 2 study of GCS-100 La Jolla Pharmaceutical announced that it has completed enrollment of GCS-100-CS-4003, its Phase 2 Extension study of GCS-100 in chronic kidney disease. The 4003 study was initiated to study the long-term safety and efficacy of GCS-100 in patients who completed the initial 12-week Phase 2 study. A total of 93 patients enrolled across 5 sites. Initial data from the 4003 Extension study is expected late this year.
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La Jolla files to sell common stock, no amount given La Jolla intends to use the net proceeds from the underwritten offering for general corporate purposes, funding its ongoing and future clinical trials, general and administrative expenses and potential future acquisitions and other strategic purposes. Jefferies LLC is acting as sole book-runner for the offering.