Stock Markets August 4, 2026 01:41 PM

Voyxact Preserves Kidney Function at Two Years in IgA Nephropathy, BTIG Says

24-month VISIONARY readout shows favorable eGFR trajectories and Otsuka reports early commercial uptake

By Jordan Park
Share
Twitter Reddit Facebook LinkedIn

BTIG analysts reviewed 24-month results from the VISIONARY trial of Voyxact (sibeprenlimab) in IgA nephropathy and found sustained improvement in estimated glomerular filtration rate (eGFR) versus placebo. The data met KDIGO benchmarks for slowing kidney decline. Otsuka has begun a rolling supplemental BLA and reported early commercial revenues and patient starts through mid-2026.

Voyxact Preserves Kidney Function at Two Years in IgA Nephropathy, BTIG Says
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • At 24 months, Voyxact-treated patients showed an annualized eGFR slope of +0.3 mL/min/1.73 m2/yr (95% CI -0.4 to +0.9), meeting the KDIGO goal of under -1 mL/min/1.73 m2/yr.
  • Voyxact produced a significant treatment effect versus placebo: +4.5 mL/min/1.73 m2/yr on annualized slope and a +9.2 mL/min/1.73 m2 difference in least squares mean change from baseline (both p<0.0001).
  • Commercially, Otsuka reported Q2 2026 Voyxact revenue of about $78 million, over 2,000 new patient starts through June 30, 2026, and a fiscal 2026 revenue projection of approximately $375 million.

BTIG analysts examined two-year data from the VISIONARY study of Voyxact (sibeprenlimab) in patients with IgA nephropathy and reported continued preservation of kidney function through 24 months.

The trial produced an annualized eGFR slope of +0.3 mL/min/1.73 m2 per year for patients treated with Voyxact, with a 95% confidence interval spanning -0.4 to +0.9. That outcome met the KDIGO therapeutic objective of limiting progressive kidney function decline to less than 1 mL/min/1.73 m2 per year.

When compared with placebo, Voyxact-treated participants showed an annualized eGFR slope improvement of +0.3 mL/min/1.73 m2/yr versus -4.2 mL/min/1.73 m2/yr for placebo, representing a treatment effect of +4.5 mL/min/1.73 m2/yr. The difference between arms reached statistical significance with p<0.0001.

Analysis of least squares mean changes from baseline in eGFR found that the Voyxact arm improved by +1.3 mL/min/1.73 m2 while the placebo group declined by -7.9 mL/min/1.73 m2, yielding a treatment effect of +9.2 mL/min/1.73 m2. This comparison was also statistically significant with p<0.0001.

On the regulatory and commercial fronts, the company initiated a rolling supplemental Biologics License Application after receiving accelerated approval from the U.S. Food and Drug Administration in November 2025. Otsuka reported second quarter 2026 Voyxact revenue of approximately $78 million, which the company said represents a run-rate of roughly $312 million. As of June 30, 2026, more than 2,000 new patients had started treatment since launch.

Otsuka projects fiscal year 2026 revenue of about $375 million for Voyxact, reflecting the drug’s first full year on the market. The VISIONARY two-year results were presented as a late-breaking oral at GlomCon in August. The patient population affected by IgA nephropathy is typically diagnosed between the ages of 16 and 35 and generally requires lifelong therapy.


Contextual notes - The 24-month eGFR results provide both slope-based and least squares mean comparisons favoring Voyxact over placebo, and the company has moved forward with regulatory filings while reporting early commercial uptake.

Risks

  • The 95% confidence interval around the 24-month annualized eGFR slope includes a small negative value (-0.4), indicating uncertainty in the precise true effect size.
  • A rolling supplemental Biologics License Application is underway following accelerated FDA approval, which implies additional regulatory review steps remain.
  • Commercial projections, including the company’s fiscal 2026 revenue estimate of approximately $375 million, are forward-looking figures and dependent on continued uptake and market factors.

More from Stock Markets

Goldman Sachs Sticks With Buy Ratings on Samsung, SK Hynix After Sharp Pullback Aug 4, 2026 Appeals Court Bars EPA From Halting Roughly $20 Billion in Clean Energy Grants Aug 4, 2026 Thryv Shares Collapse After Disappointing Q2 Results and Weaker SaaS Outlook Aug 4, 2026 Jefferies Lowers Cigna to Hold Citing Mounting 2027 Earnings Risks Aug 4, 2026 Salmonella Report Sparks Sharp Selloff in Chipotle Shares Aug 4, 2026