Tricida, Inc. was a pharmaceutical company developing veverimer (TRC101), a non-absorbed, orally administered polymer to treat metabolic acidosis in patients with chronic kidney disease (CKD).[2][3][4] It targeted a condition affecting millions by binding and removing acid from the gastrointestinal tract, addressing a gap with no FDA-approved chronic therapies at the time.[4] The company served CKD patients and healthcare providers but ceased operations after filing for Chapter 11 bankruptcy liquidation on June 12, 2023.[2]
Note that tricidapharma.com appears to reference a separate, unrelated biotech entity focused on gene therapy and AI-driven research with facilities in the USA and Turkey.[1]
Tricida was founded in August 2013 in South San Francisco, California, by a seasoned management team with extensive experience in therapeutics development, particularly polymers for kidney diseases.[4][6] The idea emerged from expertise in addressing unmet needs in CKD, leading to the discovery and development of veverimer.[4] Early traction included advancing veverimer through Phase III trials, positioning it as a potential first-in-class therapy, though commercialization efforts ultimately failed amid financial challenges culminating in bankruptcy.[2][3]
Tricida lacked broader differentiators like diverse pipelines or tech platforms, contributing to its vulnerability.[2]
Tricida rode the trend of precision therapies for chronic kidney disease, a growing burden amid aging populations and rising diabetes rates, where metabolic acidosis lacked targeted treatments.[4] Timing aligned with heightened pharma interest in nephrology post-2010s, but market forces like regulatory hurdles (e.g., FDA feedback on trials) and funding squeezes for single-asset biotechs worked against it.[2] It highlighted risks in the biotech ecosystem for focused players, influencing investor caution toward late-stage kidney drug developers without diversified pipelines.[2][6]
Tricida's story ended with liquidation in 2023, underscoring biotech perils of trial delays and capital constraints for niche assets like veverimer.[2] No revival is possible post-bankruptcy, but it spotlights enduring CKD needs—trends like AI-accelerated trials and gene therapies (seen in unrelated entities) may reshape the space.[1][4] Its legacy warns of execution risks, tying back to its promise as a kidney-focused innovator that couldn't overcome financial headwinds.
Tricida has raised $153.0M in total across 4 funding rounds.
Tricida's investors include Atlas Venture, OrbiMed.
Tricida has raised $153.0M across 4 funding rounds. Most recently, it raised $58.0M Series D in November 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2017 | $58.0M Series D | Atlas Venture, OrbiMed | |
| Jul 1, 2016 | $55.0M Series C | Atlas Venture, OrbiMed | |
| Mar 1, 2015 | $30.0M Series B | Atlas Venture, OrbiMed | |
| Sep 1, 2014 | $10.0M Series A | Atlas Venture, OrbiMed |
