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Why Reata Pharmaceuticals (RETA) Shares Are Falling Today – Reata Pharmaceuticals (NASDAQ: RETA)

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  • According to numerous records, the FDA’s neuroscience professional Billy Dunn is leaving the firm after greater than 15 years, efficient promptly.
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  • Dunn commanded the questionable authorization of Biogen Inc’s BIIB Alzheimer’s illness therapy, Aduhelm (aducanumab).
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  • Dunn, 53, is relinquishing the firm to “check out various other chances,” according to an interior FDA e-mail. Dunn alerted firm authorities Friday, according to an individual with understanding of the scenario.
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  • Reata Pharmaceuticals Inc RETA shares are dropping in response to the information as its advertising and marketing application looking for authorization for omaveloxolone for Friedreich’s ataxia is due on 28 February.
  • .(* )The FDA has actually currently held off the application after the business sent extra information.

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  • Friedreich ataxia is an uncommon acquired illness that triggers modern damages to your nerve system and also activity troubles.

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  • Nerve fibers in your spine and also outer nerves deteriorate, ending up being thinner.

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  • Cost Activity:

  • RETA shares are down 35.7% at $28.61 on the last check Monday. .
  • © 2023 Benzinga.com. Benzinga does not give financial investment recommendations. All legal rights scheduled.

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