Plano-based drug developer Reata raises $505 million, expects to double to 400 employees by end of 2020

//Plano-based drug developer Reata raises $505 million, expects to double to 400 employees by end of 2020

Plano-based drug developer Reata raises $505 million, expects to double to 400 employees by end of 2020

Plano-based drug developer Reata Pharmaceuticals Inc. raised more than $505 million in a stock sale Monday to speed its transition from a clinical-stage biotech startup to a company that makes treatments for life-threatening diseases. The publicly-traded company will use the money to register and commercialize its first two treatments: one for Alport syndrome, a genetic disease that can cause kidney disease and failure, and the other for Friedreich’s ataxia, a genetic disease that often begins in childhood and leads to brain and nervous system damage.

By | 2019-11-20T17:24:49-04:00 November 18th, 2019|News|Comments Off on Plano-based drug developer Reata raises $505 million, expects to double to 400 employees by end of 2020

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