Reata Pharmaceuticals (RETA) PT Raised to $85 at Baird

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Reata Pharma (RETA) shares soar as FDA approves rare neurodegenerative disorder drug

March 1, 2023 8:40 AM EST

Reata Pharma (NASDAQ: RETA) has more than doubled premarket after the U.S. Food and Drug Administration (FDA) approved SKYCLARYS to treat Friedreich's ataxia.

Reata shares are currently up more than 172% at $85 per share after closing Tuesday's session at $31.17.

SKYCLARYS has... More