Stock Alert: Tricida Drops 35%

(RTTNews) - Shares of clinical-stage pharmaceutical company, Tricida, Inc. (TCDA)are falling more than 35% Thursday morning at $16.88. It has traded in the range of $16.25- $44.30 in the past one year.

On Wednesday, the company said it has received a notification on July 14, from the FDA stating that, as part of its ongoing review of Tricida's drug candidate veverimer's New Drug Application (NDA), the FDA has identified deficiencies that preclude discussion of labeling and postmarketing requirements/commitments at this time.

veverimer is proposed to treat metabolic acidosis in patients with chronic kidney disease (CKD).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More