Tricida secures post-confirmation extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., June 1 – Tricida, Inc. received a 90-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the court extended the exclusive plan filing period through Aug. 9 and the exclusive solicitation period through Oct. 9.

Tricida’s plan was confirmed on May 23, as previously reported. The court had denied confirmation four days earlier because of the third-party release provisions.

After adjusting some of the language regarding the releases, the court confirmed the plan.

The San Francisco-based pharmaceutical company filed bankruptcy on Jan. 11 under Chapter 11 case number 23-10024.

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