HomeBusinessReata's inventory practically triples after FDA approves rare-disease drug amid uncertainty about...

Reata’s inventory practically triples after FDA approves rare-disease drug amid uncertainty about strategy to neuroscience remedies

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The U.S. Food and Drug Administration on Tuesday accredited Reata Pharmaceuticals Inc.’s remedy for Friedreich’s ataxia, a uncommon inherited illness that causes injury to the nervous system.

Reata’s RETA inventory jumped greater than 180% in after-hours buying and selling, after being halted upfront of the FDA’s determination.

The drug, omaveloxolone, is now…

Source web site: www.marketwatch.com

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