May 6, 2015
VIA EDGAR
United States Securities and Exchange Commission
Division of Corporation Finance
100 F Street N.E.
Washington, D.C. 20549
Attn: Mara Ransom, Assistant Director
Re: NephroGenex, Inc. (the “Company”)
Registration Statement on Form S-1 (File No. 333- 203530)
Ladies and Gentlemen:
Pursuant to Rule 461 of the General Rules and Regulations of the U.S. Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), Canaccord Genuity Inc. and JMP Securities LLC, as representatives of the several underwriters, hereby join in the request of the Company for the acceleration of the effective date of the above-referenced Registration Statement, so that it will become effective at 5:15 p.m., eastern daylight savings time, on Thursday, May 7, 2015, or as soon thereafter as practicable.
We hereby authorize each of Yvan Claude J. Pierre, Esq., William N. Haddad, Esq. and Ryan P. McCarthy, Esq. of Reed Smith LLP, attorneys for the underwriters, to orally modify or withdraw this request for acceleration.
Pursuant to Rule 460 under the Securities Act, please be advised that there will be distributed to each underwriter, who is reasonably anticipated to be invited to participate in the distribution of the securities, as many copies of the preliminary prospectus as appears to be reasonable to secure adequate distribution of the preliminary prospectus.
The undersigned confirm that they have complied with and will continue to comply with, and they have been informed or will be informed by participating dealers that they have complied with or will comply with, Rule 15c2-8 promulgated under the Securities Exchange Act of 1934, as amended, in connection with the above-referenced issue.
[Signatures Follow]
| Very truly yours, | ||
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| CANACCORD GENUITY INC. | ||
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| By: | /s/ Jennifer E. Pardi | |
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| Name: | Jennifer E. Pardi |
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| Title: | Managing Director, Equity Capital Markets |
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| JMP SECURITIES LLC | ||
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| By: | /s/ Stephen Ortiz | |
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| Name: | Stephen Ortiz |
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| Title: | Managing Director |
