Bihua Chen, founder and portfolio manager at Cormorant Asset Management, said on Monday she likes kidney drugmaker Reata Pharmaceutical.
The kidney drug that Reata is developing called Bardoxolone has "striking efficacy," Bihua Chen says.Adam Jeffery | CNBC
Bihua Chen, founder and portfolio manager at Cormorant Asset Management, said on Monday she likes kidney disease drug makerThe kidney drug that Reata is developing called Bardoxolone has "striking efficacy," the hedge fund manager said from the Sohn Conference in New York.Chen pointed out there are concerns about the new drug that could lead to heart failure and weight loss, but she said based on her research on the drug trails, she's not worried about the safety issue.
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