Reata Hopes To Beat Competition To Market With Abbott Deals

Reata Pharmaceuticals hopes the strength of its partnerships and intellectual property will allow it to get an edge on a hot market.

Aside from the particularly large upfront payments that Reata Pharmaceuticals Inc. has garnered from its partner Abbott Laboratories Inc. in two record-setting deals, the biotech sees the alliance as a means of beating any potential competition to market, its vice president of product development told “The Pink Sheet” DAILY at a meeting of the New York Academy of Sciences on Dec.15.

At the conference, which focused on chronic kidney disease (CKD), Reata’s Colin Meyer gave scientists an overview of the company’s...

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