{"id":413302,"date":"2021-01-12T11:03:11","date_gmt":"2021-01-12T16:03:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=413302"},"modified":"2021-01-12T11:03:11","modified_gmt":"2021-01-12T16:03:11","slug":"tcda-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-tricida-inc-shareholders-of-class-action-and-encourages-shareholders-to-contact-the-firm-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tcda-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-tricida-inc-shareholders-of-class-action-and-encourages-shareholders-to-contact-the-firm-2\/","title":{"rendered":"TCDA Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Tricida, Inc. Shareholders of Class Action and Encourages Shareholders to Contact the Firm"},"content":{"rendered":"
\n

NEW YORK, Jan. 12, 2021 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against\u00a0Tricida, Inc.\u00a0\u00a0 (“Tricida” or “the Company”) (NASDAQ: TCDA) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Tricida securities between September 4, 2019\u00a0and\u00a0October 28, 2020,\u00a0inclusive (the \u201cClass Period\u201d).\u00a0Such investors are encouraged to join this case by visiting the firm\u2019s site: www.bgandg.com\/tcda<\/a>.<\/p>\n

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.<\/p>\n

The complaint alleges that throughout the class period, Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Tricida’s NDA for veverimer was materially deficient; (2) accordingly, it was foreseeably likely that the FDA would not accept the NDA for veverimer; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times.<\/p>\n

On July 15, 2020, Tricida issued a press release announcing \u201cthat on July 14, 2020, the Company received a notification from the U.S. Food and Drug Administration (FDA) stating that, as part of its ongoing review of the Company\u2019s New Drug Application (NDA)\u201d for Tricida\u2019s drug candidate, veverimer (TRC101), \u201cthe FDA has identified deficiencies that preclude discussion of labeling and postmarketing requirements\/commitments at this time.\u201d\u00a0 Tricida stated that \u201c[t]he notification does not specify the deficiencies identified by the FDA.\u201d\u00a0 On this news, Tricida\u2019s stock price fell sharply $10.56 per share, or 40.31%, to close at $15.64 per share on July 16, 2020.\u00a0 Then, on October 29, 2020, Tricida announced an update on its End-of-Review Type A meeting with the FDA regarding the veverimer NDA, advising 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\u00a0 Concurrently, Tricida disclosed 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\u00a0 On this news, Tricida\u2019s stock price fell $3.90 per share, or 47.16%, to close at $4.37 per share on October 29, 2020.<\/p>\n

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm\u2019s site: www.bgandg.com\/tcda<\/a> or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Tricida you have until March 8, 2021 to request that the Court appoint you as lead plaintiff.\u00a0 Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/p>\n

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.\u00a0 Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.\u00a0 In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm\u2019s expertise includes general corporate and commercial litigation, as well as securities arbitration.\u00a0 \u00a0Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com<\/a><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Jan. 12, 2021 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against\u00a0Tricida, Inc.\u00a0\u00a0 (“Tricida” or “the Company”) (NASDAQ: TCDA) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Tricida securities between September 4, 2019\u00a0and\u00a0October 28, 2020,\u00a0inclusive (the \u201cClass Period\u201d).\u00a0Such investors are encouraged to join this case by visiting the firm\u2019s site: www.bgandg.com\/tcda. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the class period, Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Tricida’s NDA for veverimer … <\/p>\n

Continue reading “TCDA Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Tricida, Inc. Shareholders of Class Action and Encourages Shareholders to Contact the Firm”<\/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-413302","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTCDA Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Tricida, Inc. 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The complaint alleges that throughout the class period, Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Tricida’s NDA for veverimer … Continue reading "TCDA Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Tricida, Inc. 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