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NephroGenex Provides Corporate Update

NEPHROGENEX (NRX) 
Company Research Source: Business Wire
RALEIGH, N.C.--(BUSINESS WIRE)-- NephroGenex, Inc. (Nasdaq:NRX), a pharmaceutical company focused on the development of therapeutics to treat kidney disease, today announced that its Board of Directors has made a determination to pause the clinical program of the Company’s product candidate oral Pyridorin® for the treatment of diabetic nephropathy, effect a restructuring of its operations, and implement a strategic transaction. The Board of Directors made this determination in light of the remaining trial costs, the Company’s cash balance and the condition of the capital markets. The Company’s Board of Directors has determined to explore strategic alternatives available to the Company, including a potential reverse merger transaction. The Company has engaged MTS Health Partners, L.P. to assist in evaluating these alternatives. In light of these announcements, the Company has cancelled its planned conference c Show less Read more
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