SEC Comment Letter for Tvardi Therapeutics, Inc. (TVRD) (CIK 0001346830) (TVRD) — Apr 3, 2015
Tvardi Therapeutics, Inc. (TVRD) (CIK 0001346830)
Date: April 3, 2015 · CIK: 0001346830 · Accession: 0000000000-15-019596
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File numbers found in text: 333-203072
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April 3, 2015 Via E -mail Derek Chalmers, Ph.D., D.Sc. Chief Executive Officer Cara Therapeutics, Inc. 1 Parrott Drive Shelton, Connecticut 06484 Re: Cara Therapeutics, Inc. Registration Statement on Form S-3 Filed March 2 7, 2015 File No. 333-203072 Dear Dr. Chalmers : We have limited our review of your registration statement to the issue we have addressed in our comment. Please respond to this letter by amending your registration statement and providing the requested information . If you do not believe our com ment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewi ng any amendment to your registration statement and the information you provide in response to our comment , we may have additional comments. General 1. We note that your registration statement incorporates by reference your Form 10 -K for the fiscal year ended December 31, 2014, which incorporates by reference Part III information from a proxy statement that has not yet been filed. Please amend your Form 10-K to include the Part III information , includ ing executive compensation for the fisc al year ended December 31, 2014, or file your proxy statement including such information . Alternatively, please amend your registration statement to include such information. We refer you to Q uestion 123.01 of the Securities Act Forms Compliance and Disclosure Interpretations for more information. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing includes the information the Securities Act of 193 3 and all applicable Securities Act rules require. Since the company and its management are in Derek Chalmers, Ph.D., D.Sc. Cara Therapeutics, Inc. April 3, 2015 Page 2 possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclo sures they have made. Notwithstanding our comments, in the event you request acceleration of the effective date of the pending registration statement , please provide a written statement from the company acknowledging that: should the Commission or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and the company may not assert staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. Please refer to Rules 460 and 461 regarding reques ts for acceleration . We will consider a written request for acceleration of the effective date of the registration statement as confirmation of the fact that those requesting acceleration are aware of their respective responsibilities under the Securities Act of 1933 and the Securities Exchange Act of 1934 as they relate to the proposed public offering of the securities specified in the above registration statement. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Alla Berenshteyn at (202) 551 -4325 or me at (202) 551 -3715 with any other questions. Sincerely, /s/ Daniel Greenspan for Jeffrey P. Riedler Assistant Director cc: Via E -mail Babak Yaghmaie , Esq. Cooley LLP