Welcome to our dedicated page for Liquidia Corporation news (Ticker: LQDA), a resource for investors and traders seeking the latest updates and insights on Liquidia Corporation stock.
Liquidia Corporation (NASDAQ: LQDA) is a U.S.-based biopharmaceutical company committed to enhancing drug delivery and efficacy through its proprietary PRINT® technology. The company focuses on the development, manufacturing, and commercialization of innovative therapies for pulmonary hypertension (PH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). Liquidia’s flagship product, YUTREPIA™, is an investigational inhaled dry powder formulation of treprostinil designed to treat pulmonary arterial hypertension (PAH) and PH-ILD. This product aims to improve exercise ability and quality of life for patients.
Liquidia is actively advancing its product pipeline, which includes L606, an investigational sustained-release formulation of treprostinil administered through a next-generation nebulizer. Currently, L606 is under evaluation in an open-label study and aims to extend drug exposure while minimizing local irritation in the lungs.
In addition to these developments, Liquidia has a valuable collaboration with leading pharmaceutical companies, leveraging its PRINT® technology for broader therapeutic areas. This technology enables precise production of uniform drug particles, enhancing safety and efficacy, and can be applied to various therapeutic areas and routes of administration.
Recent achievements include the promotion of key leadership within the company as they prepare for the potential FDA approval and launch of YUTREPIA. The company has also successfully navigated regulatory and legal challenges, ensuring a clear path for YUTREPIA’s market entry.
Financially, Liquidia has demonstrated robust growth, reporting significant revenue from its partnership with Sandoz for the commercial sale of Treprostinil Injection. The company has also secured substantial funding through strategic agreements, bolstering its cash reserves for continued research and development efforts.
Liquidia remains dedicated to transforming patient care by addressing unmet needs with innovative drug delivery solutions and is poised to make significant strides in the biopharmaceutical industry.
Liquidia (NASDAQ: LQDA) announced that Michael Kaseta, Chief Operating Officer and Chief Financial Officer, will update the company's business at the 2024 Jefferies Global Healthcare Conference. The presentation will take place on June 5, 2024, at 9:00 a.m. ET in New York City. A webcast of the event will be available on Liquidia's website, with an archived version accessible for at least 30 days post-event.
Liquidia (NASDAQ: LQDA) announced its Q1 2024 financial results and provided a corporate update. The company highlighted its ongoing efforts to secure FDA approval for YUTREPIA, aimed at treating pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). Legal barriers for FDA approval were removed, and the company is progressing with the ASCENT study of YUTREPIA.
On the financial front, Liquidia reported a revenue of $3.0 million, a decrease from $4.5 million in Q1 2023. Expenses surged, with R&D rising by 91% to $10.1 million and G&A expenses ballooning by 160% to $20.2 million. Net loss for Q1 2024 was $40.9 million, or $0.54 per share, compared to a $11.7 million loss in Q1 2023. Cash and cash equivalents increased to $157.9 million, thanks to significant capital raised through private placements and financing agreements.
Liquidia (NASDAQ: LQDA) will present data on the investigational use of L606 (liposomal treprostinil) inhalation suspension at the ATS 2024 International Conference. The company aims to demonstrate the safety and tolerability of L606 in patients with PAH and PH-ILD through a Phase 3, 2-part, open-label, multicenter study. The presentation will be on May 22, 2024, in San Diego, California. Liquidia plans to initiate a global pivotal efficacy trial later this year based on the study's positive results.
Liquidia (NASDAQ: LQDA) will be presenting at the BofA Securities Health Care Conference 2024, where Michael Kaseta, the COO and CFO, will update investors on the company's business. The presentation will take place on May 14, 2024, at 5:00 p.m. PT in Las Vegas, Nevada. A webcast of the event will be accessible on Liquidia's website, with a recorded version available for 30 days post-event.
Liquidia (NASDAQ: LQDA) will report its first quarter 2024 financial results on May 14, 2024. A live webcast will be hosted at 8:30 a.m. Eastern Time to discuss financial results and provide a corporate update. The webcast will be available on Liquidia's website. A rebroadcast will be archived for one year.
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