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New Chapter 11 Bankruptcy Filing - Tricida Inc.
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New Chapter 11 Bankruptcy Filing - Tricida Inc.

Jan 15, 2023
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New Chapter 11 Bankruptcy Filing - Tricida Inc.
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On January 11, 2023, CA-based Tricida Inc. filed a chapter 11 bankruptcy case in the District of Delaware (Judge Dorsey). The biopharma company created a drug called Veverimer to deal with a relatively common chronic kidney disease. To support development and testing, the company raised $200mm of 3.5% ‘27 convertible notes, incurred a bunch of trade deb…

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