Photo: lily/Fotolia Kidney Drug Developers Should Have Warned Investors of FDA Issues, Shareholder Says
A complaint filed against Tricida Inc. and its directors Monday in the District of Delaware says the company touting its drug candidate as likely to be approved in August, then giving word parts of the drug application were deficient, led to share prices dropping from over $26 to less than $4 in the span of a few months.
February 16, 2021 at 06:54 PM
3 minute read
A shareholder argues company directors knew the Food and Drug Administration wasn't likely to approve their drug for kidney disease patients well before the drug application was halted last fall.
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