Longer road ahead for kidney disease candidate
Shares in San Franciscan biotech Tricida (Nasdaq: TCDA) fell by a quarter on Monday, after the firm announced the US regulator had rebuffed a submission for veverimer (TRC101).
The firm’s only candidate, veverimer is an oral polymer designed to treat metabolic acidosis in patients with chronic kidney disease (CKD).
Tricida had submitted for consideration under the Accelerated Approval scheme.
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