Process impurity revelation rocks Reata

11 May 2023

Shares in Texan pharma company Reata Pharmaceuticals (Nasdaq: RETA) closed 15% lower on Wednesday.

The company had earlier revealed a setback with Skyclarys (omavaloxolone), which in March became the first drug to win US Food and Drug Administration (FDA) approval to specifically treat the rare neuromuscular disease Friedreich's ataxia.

In presenting its first-quarter financial results, Reata gave an update on its progress with bringing the Nrf2 activator to market.

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