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home / news releases / TCDA - Tricida stock rises 3% aftermarket on review of strategic alternatives

TCDA - Tricida stock rises 3% aftermarket on review of strategic alternatives

Tricida Inc.
  • Tricida ( NASDAQ: TCDA ) stock rose 3.2% postmarket on Wednesday after the drugmaker said it will initiate a review of strategic alternatives to maximize shareholder value.
  • The strategic review may include a sale of the company and/or its assets.
  • Tricida ( TCDA ) is also evaluating plans to reduce operating expenses, which it expects to initiate this month.
  • Shares of Tricida ( TCDA ) dropped ~97% YTD.
  • The company last week said its phase 3 trial for kidney disease candidate veverimer did not meet the main goal, sending its shares crashing ~94% .

For further details see:

Tricida stock rises 3% aftermarket on review of strategic alternatives
Stock Information
Company Name: Tricida Inc.
Stock Symbol: TCDA
Market: NASDAQ
Website: tricida.com
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