Reata5 Aug 2020 08:43
PLANO, Texas, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Reata Pharmaceuticals, Inc. (Nasdaq: RETA) (“Reata,” the “Company,” or “we”), a clinical-stage biopharmaceutical company, today announced that it will report financial results and provide an update on its development programs pre-market on August 10, 2020.
Maybe a date for the diary, no doubt there will be many Major pharma's keeping a close eye on SFX-01's development, and if there was a Strategic Investor in the pipeline which has been speculated over the last couple of months, then Reata's focus on Nrf2 activators makes them a likely suitor if they wanted to capatilise/monopolise on the Nrf2 space, and certainly have plenty of cash to make strategic investments, as per there statement 24/6/20...Gla ;-)
The huge gulf in valuation between Evgen and Reata, which was highlighted by Evgen's Executive Chairman in the latest Final results.
The gulf in valuation is truly staggering, Reata's two lead drugs ( Nrf2 activators) are more clinically advanced , but unlike SFX-01 haven't been confirmed safe ( as per their website overview, and now that SFX-01 is in phase 2/3 Covid-19 patient trials, the gap on Reata's clinical development is rapidly closing. It also appears that SFX-01 could have a wider therapeutic spectrum given that as well as its Nrf2 pathway activation , SFX-01 is also an inducer of the STAT3 signalling pathway associated with cancer and several other disease targets....and so the UPside potential opportunity here could truly be Transformational!!! :-)
15/6/20 Final Results
There remains a strong rationale for clinically testing SFX-01 in any condition that is mechanistically linked to Nrf2, as evidenced by the recent positive developments at Reata (NASDAQ: RETA). Reata is developing Nrf2 activators based on triterpenoids and with positive top-line results in pivotal trials in Friedriech's Ataxia and Alport Syndrome has a current market capitalisation of circa US$5bn. This illustrates that the fundamentals of Nrf2 activation as a therapeutic strategy are sound and SFX-01 is a potent and well tolerated Nrf2 activator; on this basis we advance with confidence in SFX-01 and believe that the main driver to ultimate success is perseverance.
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June 24 (Reuters) - Reata Pharmaceuticals Inc:
* REATA PHARMACEUTICALS - ANNOUNCED RECEIPT OF $350 MILLION RELATED TO CLOSING OF PREVIOUSLY ANNOUNCED STRATEGIC INVESTMENT WITH BLACKSTONE LIFE SCIENCES>
"It positions us to make strategic investments to further expand our development and commercial capabilities in preparation for the potential approval and launch of our drugs,said Manmeet S. Soni, Chief Operating Officer and Chief Financial Officer at Reata.