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Stock impact report

Why Travere Therapeutics Stock Got Trounced on Tuesday [Yahoo! Finance]

Travere Therapeutics, Inc. (TVTX) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Travere Therapeutics › A fresh setback on the regulatory front was the development that put a damper on Travere Therapeutics (NASDAQ: TVTX) stock on Tuesday. Investors assertively sold out of Travere as a result, leaving the biotech 's shares with a nearly 15% loss on the day. Travere's leading drug candidate is Filspari, which targets a kidney disorder called focal segmental glomerulosclerosis (FSGS). The company announced that the U.S. Food and Drug Administration (FDA) has extended its review timeline for evaluating the company's New Drug Application for the medication. The new target action date for the regulator to render a decision is April 13. That's exactly three months after the original self-imposed deadline of Jan. 13, Tuesday's date. Travere wrote in a press release that this follows its submission of responses requested by the FDA to, in the healthcare company's words, "further characterize the clinical benefit of Filspari." The st Show less Read more
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