Reata Pharmaceuticals Completes $78 Million Equity Financing for Second Pivotal Trial of Bardoxolone Methyl

IRVING, TX - July 12, 2010 -

Reata Pharmaceuticals, Inc. ("Reata") has completed a $78 million equity financing led by existing investors CPMG, Inc. and Novo A/S. This financing brings the total raised by the Company to $180 million since inception.

This financing will fund the second of two pivotal trials of Reata's lead product candidate, bardoxolone methyl ("bardoxolone"), in patients with advanced chronic kidney disease (CKD) and Type 2 diabetes. The primary endpoint of the ongoing first pivotal trial of bardoxolone was recently analyzed and the data are planned for presentation at a scientific meeting in November 2010.

Click here to read Reata's news release.