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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.
Tarsus Pharmaceuticals (NASDAQ: TARS) announced the completion of enrollment for its pivotal Phase 3 trial, Saturn-2, evaluating TP-03 for Demodex blepharitis, with 408 patients participating. Topline results are expected in April 2022, with plans for a New Drug Application (NDA) submission if results are favorable. Additionally, Tarsus secured a $175 million non-dilutive credit facility from Hercules Capital and Silicon Valley Bank, enhancing its financial flexibility. This funding supports the advancement of TP-03 and the company's business growth.
Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) announced the appointment of Dr. Elizabeth Yeu to its Board of Directors while she continues as Chief Medical Advisor. Dr. Yeu brings over 20 years of eye care expertise, enhancing the company's leadership during a crucial phase as it prepares for the potential commercialization of TP-03, aimed at treating Demodex blepharitis. Her extensive background as an ophthalmologist and involvement in various medical boards positions Tarsus for strategic growth and innovation in its pipeline.
Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) has announced its participation in two upcoming virtual investor conferences to discuss advancements in eye care and other therapeutic categories. The events are Ophthalmology Day at BTIG on November 30, 2021, and the Piper Sandler 33rd Annual Virtual Healthcare Conference on December 1-2, 2021. Tarsus is developing innovative treatments, including TP-03 for Demodex blepharitis in a Phase 3 trial and TP-05 for Lyme disease prevention in a Phase 1 trial. For updates, visit tarsusrx.com.
Tarsus Pharmaceuticals (NASDAQ: TARS) announced that CEO Bobak Azamian will speak at the Virtual Jefferies London Healthcare Conference. The fireside chat will be available on-demand from November 18 at 8:00 AM GT through November 19. Additionally, Tarsus will host virtual one-on-one meetings on November 19. Interested parties can schedule a meeting through their Jefferies representative. For further details, including potential changes to the presentation schedule, visit www.tarsusrx.com. Tarsus is advancing its pipeline in eye care and other therapeutic areas.
Tarsus Pharmaceuticals reported significant progress in its pipeline and financial results for Q3 2021. The company is on track to complete enrollment in the Saturn-2 Phase 3 trial for TP-03 by year-end, with topline data expected in Q1 2022. They presented new data highlighting a large unmet need in Demodex blepharitis. Financially, Tarsus posted a net loss of $15.7 million this quarter, up from $10.1 million a year prior, with increased R&D and administrative expenses totaling $10.2 million and $6.7 million respectively. Cash reserves are at $184 million, supporting operations into mid-2023.
Tarsus Pharmaceuticals (NASDAQ: TARS) presented data on Demodex blepharitis at the AAOpt 2021 Annual Meeting, revealing it accounts for 69% of blepharitis cases. The study found existing treatments like tea tree oil are ineffective, highlighting a need for better solutions. The Atlas study noted significant psychosocial burdens faced by 80% of patients, with many suffering for over four years without diagnosis. Tarsus's investigational drug, TP-03, is currently in Phase 3 trials and aims to address this unmet medical need.
Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) announced that its President and CEO, Bobak Azamian, will present a corporate update at the Virtual Credit Suisse 30th Annual Healthcare Conference.
The presentation is scheduled for November 8th at 11:40 AM PT / 2:40 PM ET. Interested parties can view the webcast on the company's website, with a replay available within 48 hours. Tarsus focuses on innovative treatments in eye care, including its lead candidate TP-03, currently in a Phase 3 trial for Demodex blepharitis and Meibomian Gland Disease.
Tarsus Pharmaceuticals (NASDAQ: TARS) has appointed Rosemary A. Crane to its Board of Directors, where she will chair the newly formed Science and Technology Committee. With over 30 years in the pharmaceutical industry, Crane's expertise spans executive leadership and commercialization. Her role is deemed crucial as Tarsus advances its pipeline, particularly TP-03, aimed at treating Demodex blepharitis. Company executives express confidence in Crane's ability to drive innovation and enhance value during significant upcoming milestones.
Tarsus Pharmaceuticals (TARS) announced positive results from the Saturn-1 trial for TP-03, a treatment for Demodex blepharitis, achieving primary and secondary endpoints. 81% of patients had a clinically meaningful collarette cure. The company also initiated the Saturn-2 trial and the Phase 1 Callisto trial for Lyme disease prevention. Financially, Tarsus reported a net income of $6.3 million for Q2 2021, a significant increase from a net loss of $3.3 million in Q2 2020. Cash and equivalents were $177 million as of June 30, 2021.
Tarsus Pharmaceuticals (NASDAQ: TARS) announced promising results from its Saturn-1 Phase 2b/3 trial for TP-03, targeting Demodex blepharitis. A significant 95% of patients achieved ≤0.5 mites per lash, and 93% improved by at least one collarette grade. Safety analysis showed no clinically significant adverse effects. Additionally, the Titan study revealed 58% of U.S. eye care patients have collarettes, indicating a high prevalence of the condition. Tarsus plans to submit a New Drug Application for TP-03 if upcoming Saturn-2 trial results are favorable.
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