Balanced News: : ProKidney’s stock jumps 29%

Shares of ProKidney Corp. PROK, +9.57% rallied about 29% in premarket trading on Wednesday, the day after the company said preliminary data from a Phase 2 study found that the company’s investigational renal autologous cell therapy treatment can delay the need for dialysis in some patients with chronic kidney disease. The study was published Jan. 4 in the journal Blood Purification; the company issued a news release about the study on Tuesday. ProKidney’s stock is down 22.3% for the past year, while the S&P 500 SPX, +0.70% has declined 16.1%.