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Why Are Reata Pharmaceuticals Shares Plunging Premarket?

01:29pm, Thursday, 09'th Dec 2021 Benzinga
The FDA''s Cardiovascular and Renal Drugs Advisory Committee voted that the agency should not approve Reata Pharmaceuticals Inc''s (NASDAQ: RETA ) bardoxolone methyl capsules to slow the progression of chronic kidney disease in those with the rare Alport syndrome. Adcomm members largely agreed with the agency, citing safety concerns. Members of the committee also sought clarifications on why Reata Full story available on Benzinga.com
An FDA advisory committee believes Reata's (RETA) bardoxolone study data does not support the effectiveness of the candidate in slowing the progression of CKD in patients with Alport syndrome.
Today''s Daily Dose brings you news about the first antibody therapy for the prevention of COVID-19, the FDA panel review of Reata Pharma''s Alport syndrome drug; disappointing data from Radius Health''s wearABLe study; and encouraging new data of Zymeworks'' Zanidatamab in breast cancer.
Reata Pharmaceuticals, Inc. (NASDAQ: RETA ) ("Reata," the "Company," or "we"), today announced the outcome of the U.S. Food and Drug Administration ("FDA") Cardiovascular and Renal Drugs Advisory Committee ("Committee") meeting on bardoxolone methyl ("bardoxolone") for the treatment of patients with chronic kidney disease ("CKD") caused by Alport syndrome. The Committee voted no on the question of whether the provided evidence demonstrated that bardoxolone is effective in slowing the progression of CKD in patients with Alport syndrome and that its benefits outweigh its risks. "We are disappointed with today''s outcome of the Committee''s vote regarding bardoxolone, an investigational drug with a novel mechanism of action," said Warren Huff, Reata''s President and Chief Executive Officer. "We believe the scientific evidence supports bardoxolone approval in the U.S. for CKD in patients with Alport syndrome, which is one of the most rapidly progressive forms of CKD. We will continue to work with the FDA to answer any questions they may have." While the FDA is not required to follow the committee''s vote, the agency considers the committee''s recommendations when making its decision.
SAN FRANCISCO, Dec. 8, 2021 /PRNewswire/ -- Hagens Berman urges Reata Pharmaceuticals, Inc. (NASDAQ: RETA) investors with significant losses to submit your losses now. Visit: www.hbsslaw.com/investor-fraud/RETA Contact An Attorney Now: [email protected] 844-916-0895 Reata Pharmaceuticals,
Reata Pharmaceuticals (NASDAQ:RETA) had its price target lowered by research analysts at Robert W. Baird from $212.00 to $110.00 in a research note issued on Monday, The Fly reports. The firm presently has an outperform rating on the stock. Robert W. Bairds price objective points to a potential upside of 102.13% from the stocks current []
SAN FRANCISCO, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Reata Pharmaceuticals, Inc. (NASDAQ: RETA) investors with significant losses to submit your losses now .
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Reata Pharmaceuticals, Inc. (Reata or the Company) (NASDAQ: RETA) investors concerning the Companys possible violations of federal securities laws. On December 6, 2021, the FDA released a briefing document regarding Reatas chronic kidney disease drug candidate, bardoxolone methyl. Therein, the FDA stated that the data submitted by Reata did not demonstrate that bardoxolone is effective
LOS ANGELES--(BUSINESS WIRE)---- $RETA #investors--The Law Offices of Frank R. Cruz Announces Investigation of Reata Pharmaceuticals, Inc. (RETA) on Behalf of Investors

Reata Pharma Stock Dives 40% As FDA Reviewers Waffle On Kidney Disease Drug

06:04pm, Monday, 06'th Dec 2021 Investor''s Business Daily
Briefing documents posted Monday suggest the FDA might not approve Reata Pharma''s kidney disease treatment and RETA stock plummeted.

Why Reata Pharmaceuticals Nose-Dived on Monday

05:18pm, Monday, 06'th Dec 2021
The FDA has raised concerns about one of the company's key pipeline candidates in advance of a crucial meeting.
Investors need to pay close attention to Reata (RETA) stock based on the movements in the options market lately.
Morgan Stanley raised its stake in Reata Pharmaceuticals, Inc. (NASDAQ:RETA) by 9.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,580 shares of the companys stock after purchasing an additional 6,193 shares during the period. Morgan Stanley owned approximately 0.19% [] The post Morgan Stanley Buys 6,193 Shares of Reata Pharmaceuticals, Inc. (NASDAQ:RETA) appeared first on ETF Daily News .
MADDEN SECURITIES Corp lowered its holdings in Reata Pharmaceuticals, Inc. (NASDAQ:RETA) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,127 shares of the companys stock after selling 1,675 shares during the quarter. Reata Pharmaceuticals accounts for about 1.8% of []
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