{"id":411332,"date":"2021-01-08T16:03:41","date_gmt":"2021-01-08T21:03:41","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411332"},"modified":"2021-01-08T16:03:41","modified_gmt":"2021-01-08T21:03:41","slug":"investor-alert-law-offices-of-howard-g-smith-announces-investigation-of-tricida-inc-tcda-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-announces-investigation-of-tricida-inc-tcda-on-behalf-of-investors\/","title":{"rendered":"INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Tricida, Inc. (TCDA) on Behalf of Investors"},"content":{"rendered":"

<\/p>\n

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Tricida, Inc. (TCDA) on Behalf of Investors<\/b><\/p>\n

BENSALEM, Pa.–(BUSINESS WIRE<\/a>)–
\nLaw Offices of Howard G. Smith announces an investigation on behalf of Tricida, Inc. (\u201cTricida\u201d or the \u201cCompany\u201d) (NASDAQ: TCDA<\/a>) investors concerning the Company\u2019s possible violations of federal securities laws.\n<\/p>\n

\nTricida\u2019s drug candidate, veverimer, is a polymer designed as a potential treatment for metabolic acidosis in patients with chronic kidney disease (\u201cCKD\u201d). The Company has completed a Phase 3, double-blind, placebo-controlled trial of veverimer in patients with CKD and metabolic acidosis.\n<\/p>\n

\nOn September 4, 2019, Tricida announced that it had submitted a New Drug Application (\u201cNDA\u201d) to the U.S. Food and Drug Administration (\u201cFDA\u201d) under the Accelerated Approval Program for approval of veverimer for the treatment of metabolic acidosis in patients with CKD.\n<\/p>\n

\nOn July 15, 2020, Tricida announced that it had received a notice from the FDA \u201cidentif[ying] deficiencies that preclude discussion of labeling and postmarketing requirements\/commitments at this time.\u201d The Company stated that \u201c[t]he notification does not specify the deficiencies identified by the FDA.\u201d\n<\/p>\n

\nOn this news, the Company\u2019s stock price fell $10.56, or 40.31%, to close at $15.64 per share on July 16, 2020, thereby injuring investors.\n<\/p>\n

\nThen, on October 29, 2020, following its End-of-Review Type A meeting with the FDA, Tricida announced that it \u201cnow believes the FDA will also require evidence of veverimer\u2019s effect on CKD progression from a near-term interim analysis of the VALOR-CKD trial for approval under the Accelerated Approval Program and that the FDA is unlikely to rely solely on serum bicarbonate data for determination of efficacy.\u201d Tricida also disclosed that it was \u201csignificantly reducing its headcount from 152 to 59 people and will discuss its commitments with vendors and contract service providers to potentially provide additional financial flexibility.\u201d\n<\/p>\n

\nOn this news, the Company\u2019s stock price fell $3.90, or 47.16%, to close at $4.37 per share on October 29, 2020, thereby injuring investors.\n<\/p>\n

\nIf you purchased Tricida securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com<\/a>, or visit our website at www.howardsmithlaw.com<\/a>.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210108005064\/en\/<\/a><\/span><\/p>\n

\nLaw Offices of Howard G. Smith
\n
Howard G. Smith, Esquire
\n
215-638-4847
\n
888-638-4847
\n
howardsmith@howardsmithlaw.com
\n<\/a>
www.howardsmithlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Pennsylvania<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Tricida, Inc. (TCDA) on Behalf of Investors BENSALEM, Pa.–(BUSINESS WIRE)– Law Offices of Howard G. Smith announces an investigation on behalf of Tricida, Inc. (\u201cTricida\u201d or the \u201cCompany\u201d) (NASDAQ: TCDA) investors concerning the Company\u2019s possible violations of federal securities laws. Tricida\u2019s drug candidate, veverimer, is a polymer designed as a potential treatment for metabolic acidosis in patients with chronic kidney disease (\u201cCKD\u201d). The Company has completed a Phase 3, double-blind, placebo-controlled trial of veverimer in patients with CKD and metabolic acidosis. On September 4, 2019, Tricida announced that it had submitted a New Drug Application (\u201cNDA\u201d) to the U.S. Food and Drug Administration (\u201cFDA\u201d) under the Accelerated Approval Program … <\/p>\n

Continue reading “INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Tricida, Inc. (TCDA) on Behalf of Investors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411332","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Tricida, Inc. 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(\u201cTricida\u201d or the \u201cCompany\u201d) (NASDAQ: TCDA) investors concerning the Company\u2019s possible violations of federal securities laws. Tricida\u2019s drug candidate, veverimer, is a polymer designed as a potential treatment for metabolic acidosis in patients with chronic kidney disease (\u201cCKD\u201d). The Company has completed a Phase 3, double-blind, placebo-controlled trial of veverimer in patients with CKD and metabolic acidosis. On September 4, 2019, Tricida announced that it had submitted a New Drug Application (\u201cNDA\u201d) to the U.S. Food and Drug Administration (\u201cFDA\u201d) under the Accelerated Approval Program … Continue reading "INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Tricida, Inc. 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