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Tarsus Pharmaceuticals, Inc. - TARS STOCK NEWS

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Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) is a clinical-stage biopharmaceutical company based in Irvine, California, dedicated to the development and commercialization of novel therapeutic candidates for ophthalmic conditions. Founded in 2016, Tarsus stands at the forefront of eye care innovation with a mission to revolutionize treatments for patients by addressing unmet needs through proven science and new technology.

The company’s flagship product, XDEMVY® (lotilaner ophthalmic solution) 0.25%, was approved by the FDA in 2023. XDEMVY is a pioneering eye drop designed to treat Demodex blepharitis, a common eyelid inflammation caused by an infestation of Demodex mites. Clinical trials involving more than 800 patients demonstrated its efficacy, meeting primary and secondary endpoints with no serious treatment-related adverse events.

Beyond XDEMVY, Tarsus is advancing a diverse pipeline of therapeutic candidates. TP-03 is under investigation for the treatment of Meibomian Gland Disease (MGD), a condition often comorbid with Demodex infestation. TP-04 is being developed for the treatment of papulopustular rosacea (PPR), while TP-05 is explored as a groundbreaking oral prophylactic for Lyme disease and community malaria reduction.

The company’s recent achievements underscore its commitment to advancing therapeutic options in ophthalmology and beyond. Tarsus reported significant clinical improvements in MGD with TP-03, highlighting its potential to address underlying causes of the disease. Additionally, TP-05 showed promising results in early trials, demonstrating high tick mortality rates and suggesting potential as an on-demand prophylactic against Lyme disease.

Tarsus Pharmaceuticals collaborates with leading institutions like Tufts University School of Medicine to bolster its research endeavors. The company is also gaining traction in the marketplace, evidenced by strong quarterly financial results and strategic partnerships with major investment firms such as Goldman Sachs, BofA Securities, and Guggenheim Securities.

With ongoing consumer awareness campaigns such as “Mite Party” for XDEMVY, Tarsus is actively engaging patients and healthcare providers to improve diagnosis and treatment outcomes for Demodex blepharitis. This multi-channel initiative aims to educate the public about the prevalence and impact of Demodex infestation, encouraging patients to seek professional care.

Committed to patient-centric innovation, Tarsus Pharmaceuticals continues to expand its footprint in eye care and explore new therapeutic frontiers, striving to make a significant impact on public health through scientifically driven solutions.

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Tarsus Pharmaceuticals, Inc. (TARS) announces participation in upcoming conferences to discuss advancements in eye care. Key executives will engage in fireside chats and one-on-one meetings to showcase the company's commitment to revolutionizing patient treatment through science and technology.
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TARS launches a creative and impactful consumer education campaign to enhance brand awareness and customer engagement.
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Tarsus Pharmaceuticals, Inc. announces the pricing of an underwritten public offering, including common stock and pre-funded warrants, with expected gross proceeds of approximately $100.0 million. The offering is led by joint book-running managers Goldman Sachs & Co. LLC, BofA Securities, Guggenheim Securities, LLC, and Oppenheimer & Co.
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Tarsus Pharmaceuticals, Inc. announces a $100.0 million public offering of common stock to fund further development, with underwriters including Goldman Sachs and BofA Securities.
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Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) announced the launch of XDEMVY® for Demodex blepharitis, achieving $13.1 million in net product sales in Q4 and $14.7 million in the first four months. Positive proof-of-concept results were reported, with significant progress in the clinical portfolio. Financially, Q4 revenues reached $13.1 million, with a net loss of $41.9 million. Full-year 2023 saw total revenues of $17.4 million, with a net loss of $135.9 million.
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Tarsus Pharmaceuticals (NASDAQ: TARS) announced positive results from the Phase 2a Carpo trial evaluating TP-05 for Lyme disease prevention. Both high and low doses of TP-05 showed significant tick mortality compared to placebo, potentially revolutionizing disease prophylaxis.
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Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) will host a live webcast to report Q4 and full year 2023 financial results and provide a corporate update, focusing on revolutionizing treatment for patients starting with eye care.
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Tarsus Pharmaceuticals, Inc. CEO Bobak Azamian, M.D., Ph.D., will participate in an in-person fireside chat at the Sixth Annual Guggenheim Healthcare Talks conference in New York City on February 8, 2024. The live webcast of the chat will be available on the TARS website, with replays accessible within 48 hours and archived for a limited time.
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Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) announced topline results from the Ersa Phase 2a clinical trial evaluating TP-03 for the treatment of Meibomian Gland Disease (MGD) in patients with Demodex mites. TP-03 demonstrated statistically significant and clinically meaningful improvements across two objective measures of MGD, regardless of BID or TID dosing, and was well tolerated.
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Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) announced the launch of XDEMVY®, an ophthalmic solution for Demodex blepharitis, achieving $1.7 million in net product sales and strengthening its balance sheet with a $100 million public equity offering. The company also reported a better-than-anticipated gross-to-net discount of 73%. The FDA-approved XDEMVY targets the root cause of DB, generating early momentum among eye care providers and patients. The third quarter of 2023 saw total revenues of $1.9 million, with $1.7 million in net product sales. R&D expenses were $12.1 million, and SG&A expenses were $30.3 million, resulting in a net loss of $39.1 million. Cash, cash equivalents, and marketable securities were $246.9 million as of September 30, 2023.
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FAQ

What is the current stock price of Tarsus Pharmaceuticals (TARS)?

The current stock price of Tarsus Pharmaceuticals (TARS) is $46.23 as of November 4, 2024.

What is the market cap of Tarsus Pharmaceuticals (TARS)?

The market cap of Tarsus Pharmaceuticals (TARS) is approximately 1.8B.

What is Tarsus Pharmaceuticals' main focus?

Tarsus Pharmaceuticals focuses on developing and commercializing novel therapeutic candidates for ophthalmic conditions, starting with eye care.

What is XDEMVY?

XDEMVY (lotilaner ophthalmic solution) 0.25% is an FDA-approved eye drop designed to treat Demodex blepharitis by eradicating Demodex mite infestations.

What are the current projects of Tarsus Pharmaceuticals?

Tarsus is advancing several therapeutic candidates, including TP-03 for Meibomian Gland Disease, TP-04 for rosacea, and TP-05 for Lyme disease prophylaxis and community malaria reduction.

What recent achievements has Tarsus Pharmaceuticals accomplished?

Tarsus has reported significant clinical improvements with TP-03 for MGD and promising results with TP-05 for Lyme disease prophylaxis. They also launched the 'Mite Party' campaign for XDEMVY.

Who are the key partners of Tarsus Pharmaceuticals?

Tarsus collaborates with leading institutions like Tufts University School of Medicine and has strategic partnerships with investment firms such as Goldman Sachs, BofA Securities, and Guggenheim Securities.

Where is Tarsus Pharmaceuticals headquartered?

Tarsus Pharmaceuticals is headquartered in Irvine, California.

What is Demodex blepharitis?

Demodex blepharitis is a common eyelid margin disease caused by an infestation of Demodex mites, leading to inflammation, redness, and irritation.

What are the side effects of XDEMVY?

The most common side effects of XDEMVY in clinical trials were stinging and burning in 10% of patients. Less common side effects include chalazion, hordeolum (stye), and punctate keratitis.

What is TP-03?

TP-03 is an investigational therapy being developed for the treatment of Meibomian Gland Disease, often associated with Demodex mite infestation.

How does TP-05 work?

TP-05 is an oral systemic formulation of lotilaner, designed to kill ticks and potentially prevent the transmission of Lyme disease.

Tarsus Pharmaceuticals, Inc.

Nasdaq:TARS

TARS Rankings

TARS Stock Data

1.81B
38.04M
8.77%
112.77%
25.44%
Biotechnology
Biological Products, (no Disgnostic Substances)
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United States of America
IRVINE