On eve of pivotal data, Reata pays AbbVie $330M to regain cardiorenal candidates

With AbbVie having turned away from cardiovascular and renal indications, Reata reacquired rights to bardoxolone and second-generation NRF2 activators from its long-standing partner for $330 million in cash ahead of upcoming pivotal readouts for two of the compounds.

Reata Pharmaceuticals Inc. (NASDAQ:RETA), which gained $9.89 (13%) to $85.98 Thursday, expects data by

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