{"id":414271,"date":"2021-01-13T11:03:40","date_gmt":"2021-01-13T16:03:40","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414271"},"modified":"2021-01-13T11:03:40","modified_gmt":"2021-01-13T16:03:40","slug":"investor-alert-law-offices-of-howard-g-smith-announces-the-filing-of-a-securities-class-action-on-behalf-of-tricida-inc-tcda-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-announces-the-filing-of-a-securities-class-action-on-behalf-of-tricida-inc-tcda-investors\/","title":{"rendered":"INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Tricida, Inc. (TCDA) Investors"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Tricida, Inc. (TCDA) Investors<\/b><\/p>\n<p>BENSALEM, Pa.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nLaw Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Tricida, Inc. (\u201cTricida\u201d or the \u201cCompany\u201d) (NASDAQ: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FTCDA&amp;esheet=52360976&amp;newsitemid=20210113005197&amp;lan=en-US&amp;anchor=TCDA&amp;index=1&amp;md5=83fb51b4189495ee2d5b55e72d5c2c59\">TCDA<\/a>) securities between <b>September 4, 2019 and October 28, 2020<\/b>, inclusive (the \u201cClass Period\u201d). Tricida investors have until <b>March 8, 2021<\/b> to file a lead plaintiff motion.\n<\/p>\n<p>\nInvestors suffering losses on their Tricida investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to <a rel=\"nofollow\" href=\"mailto:howardsmith@howardsmithlaw.com\">howardsmith@howardsmithlaw.com<\/a>.\n<\/p>\n<p>\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<p>\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<p>\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<p>\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<p>\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<p>\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<p>\nThe complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Tricida&#8217;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, Defendants&#8217; statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.\n<\/p>\n<p>\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 <a rel=\"nofollow\" href=\"mailto:howardsmith@howardsmithlaw.com\">howardsmith@howardsmithlaw.com<\/a>, or visit our website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.howardsmithlaw.com&amp;esheet=52360976&amp;newsitemid=20210113005197&amp;lan=en-US&amp;anchor=www.howardsmithlaw.com&amp;index=2&amp;md5=3c36e31daf16a9df2e45e62b5075ebdd\">www.howardsmithlaw.com<\/a>.\n<\/p>\n<p>\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210113005197r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210113005197\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210113005197\/en\/<\/a><\/span><\/p>\n<p>\nLaw Offices of Howard G. Smith<br \/>\n<br \/>Howard G. Smith, Esquire<br \/>\n<br \/>215-638-4847<br \/>\n<br \/>888-638-4847<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:howardsmith@howardsmithlaw.com\">howardsmith@howardsmithlaw.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.howardsmithlaw.com&amp;esheet=52360976&amp;newsitemid=20210113005197&amp;lan=en-US&amp;anchor=www.howardsmithlaw.com&amp;index=3&amp;md5=f8c7f2adfc133515971f12e1dd982d0c\">www.howardsmithlaw.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Pennsylvania United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Tricida, Inc. (TCDA) Investors BENSALEM, Pa.&#8211;(BUSINESS WIRE)&#8211; Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Tricida, Inc. (\u201cTricida\u201d or the \u201cCompany\u201d) (NASDAQ: TCDA) securities between September 4, 2019 and October 28, 2020, inclusive (the \u201cClass Period\u201d). Tricida investors have until March 8, 2021 to file a lead plaintiff motion. Investors suffering losses on their Tricida investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. Tricida\u2019s drug candidate, veverimer, is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-announces-the-filing-of-a-securities-class-action-on-behalf-of-tricida-inc-tcda-investors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Tricida, Inc. (TCDA) Investors&#8221;<\/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-414271","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Law Offices of Howard G. 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(TCDA) Investors BENSALEM, Pa.&#8211;(BUSINESS WIRE)&#8211; Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Tricida, Inc. (\u201cTricida\u201d or the \u201cCompany\u201d) (NASDAQ: TCDA) securities between September 4, 2019 and October 28, 2020, inclusive (the \u201cClass Period\u201d). Tricida investors have until March 8, 2021 to file a lead plaintiff motion. Investors suffering losses on their Tricida investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. Tricida\u2019s drug candidate, veverimer, is &hellip; Continue reading &quot;INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Tricida, Inc. 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Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Tricida, Inc. (\u201cTricida\u201d or the \u201cCompany\u201d) (NASDAQ: TCDA) securities between September 4, 2019 and October 28, 2020, inclusive (the \u201cClass Period\u201d). Tricida investors have until March 8, 2021 to file a lead plaintiff motion. Investors suffering losses on their Tricida investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. Tricida\u2019s drug candidate, veverimer, is &hellip; Continue reading \"INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Tricida, Inc. (TCDA) Investors\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-announces-the-filing-of-a-securities-class-action-on-behalf-of-tricida-inc-tcda-investors\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-13T16:03:40+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210113005197r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-announces-the-filing-of-a-securities-class-action-on-behalf-of-tricida-inc-tcda-investors\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-announces-the-filing-of-a-securities-class-action-on-behalf-of-tricida-inc-tcda-investors\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Law Offices of Howard G. 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