{"id":411845,"date":"2021-01-11T08:03:15","date_gmt":"2021-01-11T13:03:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411845"},"modified":"2021-01-11T08:03:15","modified_gmt":"2021-01-11T13:03:15","slug":"portnoy-law-lawsuit-filed-on-behalf-of-triceda-inc-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/portnoy-law-lawsuit-filed-on-behalf-of-triceda-inc-investors\/","title":{"rendered":"Portnoy Law: Lawsuit Filed On Behalf of Triceda, Inc. Investors"},"content":{"rendered":"
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\n Click <\/em>
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\n here<\/u>
\n <\/em>
\n <\/a>
\n to join the case<\/em>
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LOS ANGELES, Jan. 11, 2021 (GLOBE NEWSWIRE) — The Portnoy Law Firm<\/u><\/a> advises investors that a class action lawsuit has been filed on behalf of Triceda, Inc. (“Triceda” or “the Company”) (NASDAQ: TCDA) investors that acquired securities between September 4, 2019 through October 28, 2020. \u00a0<\/p>\n

Investors are encouraged to contact attorney Lesley F. Portnoy<\/u><\/a>,<\/u> to determine eligibility to participate in this action, by phone 310-692-8883 or email<\/u><\/a>, or click here<\/u><\/a> to join the case.<\/p>\n

It is alleged in this complaint that throughout the Class Period, Triceda made misleading and\/or false statements and\/or failed to disclose that: (i) Tricida\u2019s NDA in regard to veverimer was materially deficient; (ii) accordingly, it was foreseeably likely that the NDA for veverimer would not be accepted by the FDA; and (iii) as a result, the Triceda\u2019s public statements were materially misleading and false at all relevant times.<\/p>\n

Tricida issued a press release on July 15, 2020 announcing that, on July 14, 2020, the it had received a notification from the FDA which stated that as part of the FDA\u2019s ongoing review of the Company\u2019s NDA for veverimer, \u201cthe FDA has identified deficiencies that preclude discussion of labeling and postmarketing requirements\/commitments at this time.\u201d Tricida stated that \u201c[t]he notification does not specify the deficiencies identified by the FDA.\u201d Tricida\u2019s stock price fell $10.56 per share on this news, or 40.31%, to close at $15.64 per share on July 16, 2020.<\/p>\n

Then, on October 29, 2020, an update was announced by Triceda on its End-of-Review Type A meeting with the FDA in regard to the veverimer NDA, which advised investors that the Company \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 disclosed concurrently that it \u201cis significantly 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 Tricida\u2019s stock price fell $3.90 per share on this news, or 47.16%, to close at $4.37 per share on October 29, 2020.<\/p>\n

Please visit our website<\/u><\/a> to review more information and submit your transaction information.<\/p>\n

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm\u2019s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com<\/u><\/a>
310-692-8883
www.portnoylaw.com<\/p>\n

Attorney Advertising<\/p>\n

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Click here to join the case LOS ANGELES, Jan. 11, 2021 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Triceda, Inc. (“Triceda” or “the Company”) (NASDAQ: TCDA) investors that acquired securities between September 4, 2019 through October 28, 2020. \u00a0 Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case. It is alleged in this complaint that throughout the Class Period, Triceda made misleading and\/or false statements and\/or failed to disclose that: (i) Tricida\u2019s NDA in regard to veverimer was materially deficient; (ii) accordingly, it was foreseeably likely that … <\/p>\n

Continue reading “Portnoy Law: Lawsuit Filed On Behalf of Triceda, Inc. 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-411845","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPortnoy Law: Lawsuit Filed On Behalf of Triceda, Inc. Investors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/portnoy-law-lawsuit-filed-on-behalf-of-triceda-inc-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portnoy Law: Lawsuit Filed On Behalf of Triceda, Inc. 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It is alleged in this complaint that throughout the Class Period, Triceda made misleading and\/or false statements and\/or failed to disclose that: (i) Tricida\u2019s NDA in regard to veverimer was materially deficient; (ii) accordingly, it was foreseeably likely that … Continue reading \"Portnoy Law: Lawsuit Filed On Behalf of Triceda, Inc. 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