Kidney drug developer Tricida Inc. will cut more than half of its workforce after its lead drug failed a late-stage clinical trial.
The nine-year-old company, which last reported that it had 57 employees, said it will cut 57% of its staff this month. Severance payments and other employee-related costs, totaling about $2 million, will be paid out this quarter or in first-quarter 2023. Tricida last month said early data from a Phase III study showed its lead drug, veverimer, failed to slow the progression of chronic kidney disease in patients with CKD or a build-up of hydrochloric acid. Its stock fell more than 94% in a single day.and his team, Tricida designed veverimer to treat metabolic acidosis in CKD patients. Metabolic acidosis patients accumulate too much hydrochloric acid, leading to bone and muscle loss, insulin resistance and progression of kidney disease.
Tricida's once-a-day powder mixed with two ounces of water was meant to stay in the gastrointestinal tract to bind to the acid and remove the acid via the feces.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supermodel Paulina Porizkova Says Dating at 57 “Sucks”Paulina Porizkova says her dating pool is more like a 'dirty little puddle.' Please let Ms. Porizkova know that I would love to take her out on a date. So she and her girlfriends needs a new group of guys? Call me plz.
Source: VanityFair - 🏆 391. / 55 Read more »
Paulina Porizkova Got Candid About Being on Dating Apps at 57: 'It's a Dirty Little Puddle'.paulinaporizkov gets real about dating at this stage in her life and her experience using apps to find a potential partner. paulinaporizkov Paulina only has to ask...I'm ready! 🤣 paulinaporizkov Paulina, all the best on finding a partner. paulinaporizkov Paulina is awesome she rocks
Source: SheKnows - 🏆 558. / 51 Read more »
Texas A&M-San Antonio president leaving university for San José StateThe president of Texas A&M University-San Antonio is leaving her post for San José State University in California.
Source: ksatnews - 🏆 442. / 53 Read more »
Holiday meals delivered to San Antonio fire stations, families across San AntonioGenerations Federal Credit Union employees delivered Thanksgiving food items to over 50 San Antonio fire stations and their families.
Source: ksatnews - 🏆 442. / 53 Read more »
San Diego City Council to once again consider banning styrofoam products -SAN DIEGO (KUSI) – The San Diego City Council is once again considering banning Styrofoam products. According to local leaders, the plastic polystyrene is a major source of non-biodegradable litter in San Diego’s canyons, streets, waterways and beaches. KUSI’S Rafer Weigel has more on the story Categories: California News, Good Evening San Diego, Local San Diego News SDCityCouncil Thank you liberal city council for continuing to hurt the food industry. SDCityCouncil What about the non biodegradable, non-recyclable solar panels or electric car batteries... are they banning those or waiting 12 years from now to study the problem? SDCityCouncil It's about time!
Source: KUSINews - 🏆 241. / 63 Read more »