Renaissance Capital logo

Tricida Priced, Nasdaq: TCDA

Late-stage biotech targeting conditions associated with chronic kidney disease.

Industry: Health Care

First Day Return: +36.8%

Industry: Health Care

We are a late-stage pharmaceutical company focused on the development and commercialization of our drug candidate, TRC101, a non-absorbed polymer designed to treat metabolic acidosis by binding and removing acid from the gastrointestinal tract (GI tract). Our goal is to slow the progression of chronic kidney disease (CKD) through the treatment of metabolic acidosis. We recently completed our pivotal Phase 3 clinical trial, TRCA-301, that met both its primary and secondary endpoints in a highly statistically significant manner. One hundred ninety-six of the 208 eligible subjects who completed the 12-week treatment period in our pivotal TRCA-301 trial were invited to continue in our safety extension trial, TRCA-301E, which we expect to complete in the first half of 2019. We plan to submit a New Drug Application (NDA) in the second half of 2019, seeking approval through the FDA's Accelerated Approval Program. Metabolic acidosis is a chronic condition commonly caused by CKD and is believed to accelerate the progression of kidney deterioration. Today, there are no chronic therapies for treating metabolic acidosis approved by the FDA. We believe TRC101, an in-house discovered, new chemical entity, may be an effective treatment for metabolic acidosis and slow the progression of kidney disease in CKD patients affected by metabolic acidosis.
more less

Tricida (TCDA) Performance