NEPHROGENEX, INC. (OTCMKTS:NRXGQ) Files An 8-K Regulation FD Disclosure

As previously announced, on April 30, 2016, NephroGenex, Inc.
(the Company) filed a voluntary petition for relief (the Chapter
11 Filing) under Chapter 11 of Title 11 of the United States Code
(the Bankruptcy Code) in the United States Bankruptcy Court for
the District of Delaware (the Bankruptcy Court).

On February 17, 2017, as previously disclosed, the Company filed
with the Bankruptcy Court (1) a proposed plan of reorganization
for the resolution of the outstanding claims against and
interests in the Company to section 1121(a) of the Bankruptcy
Code, (2) a related proposed disclosure statement and (3) a
related proposed liquidating trust agreement.

On March 23, 2017, the Bankruptcy Court entered an order (the
Order) approving a modified version of the previously filed
disclosure statement (the Disclosure Statement), a copy of which
is attached hereto as Exhibit 99.1. A modified version of the
previously filed proposed plan of reorganization (as may be
amended, modified or supplemented from time to time, the Proposed
Plan), a copy of which is attached hereto as Exhibit 99.2, was
filed with the Bankruptcy Court as an exhibit to the Disclosure
Statement. The Order, a copy of which is attached hereto as
Exhibit 99.3, also scheduled the hearing on the confirmation of
the Proposed Plan to occur on May 10, 2017, established deadlines
and procedures for filing objections to confirmation of the
Proposed Plan, established deadlines and procedures for voting on
the Proposed Plan, approved solicitation procedures with respect
to the Proposed Plan, established procedures for tabulation of
votes with respect to the Proposed Plan and granted related
relief.

Information contained in the Proposed Plan is subject to change,
whether as a result of amendments to the Proposed Plan,
third-party actions, or otherwise. The Proposed Plan is subject
to acceptance by certain of the Companys creditors (as and to the
extent required under the Bankruptcy Code) and confirmation by
the Bankruptcy Court. There can be no assurances that the
creditors of the Company will accept the Proposed Plan, or that
the Bankruptcy Court will confirm the Proposed Plan. Accordingly,
this Current Report on Form 8-K is not intended to be, nor should
it be construed as, a solicitation for a vote on the Proposed
Plan.

Under the terms of the Proposed Plan, all shares of the Companys
common stock would be cancelled upon effectiveness of the
Proposed Plan, and the Companys stockholders would not receive or
retain any distribution or other property on account of their
shares.

Cautionary Statements Regarding Forward-Looking Statements

This current report on Form 8-K and Exhibit 99.1, 99.2 and 99.3
(collectively, this Current Report) hereto contain certain
statements that may be deemed to be forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. In some
cases, these forward-looking statements can be identified by the
use of forward-looking terminology, including the terms believes,
estimates, anticipates, expects, plans, intends, may, could,
might, will, should, approximately or, in each case, their
negative or other variations thereon or comparable terminology,
although not all forward-looking statements contain these words.
They appear in a number of places throughout this Current Report
and include statements regarding our intentions, beliefs,
projections, outlook, analyses or current expectations
concerning, among other things, the strength and breadth of our
intellectual property, expectations regarding financial
condition, liquidity, the length of time that we will be able to
continue to fund our operating expenses and capital expenditures
and our previously announced bankruptcy proceeding.

By their nature, forward-looking statements involve risks and
uncertainties because they relate to events, competitive
dynamics, and healthcare, regulatory and scientific developments
and depend on the economic circumstances that may or may not
occur in the future or may occur on longer or shorter timelines
than anticipated. Although we believe that we have a reasonable
basis for each forward-looking statement contained herein, we
caution you that forward-looking statements are not guarantees of
future performance and that our actual results of operations,
financial condition and liquidity, and the development of the
industry in which we operate may differ materially from the
forward-looking statements contained in the presentation as a
result of, among other factors, the factors referenced in the
Risk Factors section of our Annual Report on Form 10-K filed with
the Securities and Exchange Commission during March 2016. Any
forward-looking statements that we make herein speak only as of
the date of such statement, and we undertake no obligation to
update such statements to reflect events or circumstances after
the date of the presentation, except as required by law.

You should read carefully our Cautionary Note Regarding
Forward-Looking Statements and Industry Data and the factors
described in the Risk Factors sections of our Annual Report on
Form 10-K to better understand the risks and uncertainties
inherent in our business.

Additional Information Regarding the Chapter 11 Filing

Information about the Chapter 11 process, as well as court
filings and other documents related to the reorganization
proceedings, is available through the Companys claims agent,
Kurtzman Carson Consultants LLC, at www.kccllc.net/NephroGenex.
Information contained on, or that can be accessed through, such
web site or the Bankruptcy Courts web site is not part of this
Current Report.

Limitation on Incorporation by Reference

In accordance with General Instruction B.2 of Form 8-K, the
information in this Item 7.01 is being furnished for
informational purposes only and shall not be deemed filed for
purposes of Section 18 of the Exchange Act, or otherwise subject
to the liabilities of that section, nor shall such information be
deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, except as otherwise expressly
stated in such filing. The filing of this Current Report will not
be deemed an admission as to the materiality of any information
required to be disclosed solely by Regulation FD.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.