Theratechnologies Inc. Common - THTX STOCK NEWS

Theratechnologies held its annual meeting of shareholders on May 13, 2021, where all proposed candidates for the Board of Directors were elected. KPMG LLP was reappointed as auditors. Notable elections included Alain Trudeau, Andrew Molson, and Joseph Arena, who will contribute to the company’s growth in oncology, NASH, and HIV. The management expressed optimism about the company’s progress in 2020 continuing into 2021. Forward-looking statements highlight potential developments in their product pipeline, but also caution against risks affecting future performance.

Theratechnologies (THTX) reported its Q1 Fiscal 2021 results, revealing a net loss of $5,922,000 or $0.07 per share, compared to a loss of $4,544,000 for the same period last year. Consolidated revenue decreased by 1.8% to $15,430,000, driven by a decline in Trogarzo® sales, which fell by 6.4%. However, EGRIFTA SV® sales grew by 2.0%. The company's R&D expenses rose significantly to support oncology and NASH programs. Key updates include the initiation of a Phase 1 trial for TH1902 and progress towards a Phase 3 trial for tesamorelin in treating NASH.

Theratechnologies (NASDAQ: THTX) announced that Paul Levesque, President and CEO, will present at the Bloom Burton & Co. Healthcare Investor Conference on April 21, 2021, at 10:30 a.m. ET. The event will be accessible via a live webcast, with the link provided for attendees. This conference highlights the company’s focus on developing innovative therapies to meet unmet medical needs.

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Theratechnologies Inc. (THTX) announced it will report its Q1 fiscal 2021 financial results on April 14, 2021, ending February 28, 2021. A conference call will follow at 8:30 a.m. ET, hosted by CEO Paul Lévesque, to discuss these results. The call is open to financial analysts, while others can listen in. Participation details include toll-free and international dialing options, as well as a webcast link. An audio replay of the call will be available until April 21, 2021, with access codes provided for convenience.

Theratechnologies has announced promising results for its lead investigational drug, TH1902, presented at the 2021 AACR Annual Meeting. Preclinical data show that TH1902 demonstrates sustained tumor regression and superior anti-tumor activity compared to docetaxel across multiple cancer types, including melanoma and triple-negative breast cancer. The FDA has granted fast-track designation for TH1902, highlighting its potential in treating sortilin positive solid tumors. The ongoing Phase 1 trial aims to evaluate TH1902's safety and efficacy.

Theratechnologies has announced the appointment of John Leasure as Global Commercial Officer and Peter Kowal as Vice President, HIV-U.S. Commercial Operations, effective March 29, 2021. Both professionals bring extensive experience in their respective fields, particularly in HIV and oncology. Leasure aims to enhance global capabilities and growth within the company, while Kowal will focus on sales and reimbursement strategies. These additions are expected to support the development of both commercial assets and the company's pipeline, as noted by CEO Paul Lévesque.

Theratechnologies (NASDAQ: THTX) announced the first patient has received a dose of TH1902, a peptide-drug conjugate aimed at treating sortilin positive solid tumors. This marks a significant step in the company's oncology program, emphasizing the need for targeted cancer therapies. TH1902 has received fast track designation from the FDA and aims to improve treatment options for patients who have not responded to existing therapies. The Phase 1 trial will assess safety and dosing, with plans to enroll more patients once the maximum tolerated dose is determined.

Theratechnologies has announced new data on tesamorelin's positive effects on liver inflammation markers presented at ENDO 2021. A sub-analysis from a 12-month trial involving 61 HIV-infected individuals showed that tesamorelin reduced T-cell and macrophage activity, indicating a potential for better immune regulation. The company is moving toward a proposed Phase 3 trial to evaluate tesamorelin for the treatment of NASH, with plans to enroll approximately 2,000 participants. This data supports its development in a market with no current approved treatments.

Theratechnologies announced promising new pre-clinical data on TH1902, its peptide-drug conjugate targeting SORT1+ solid tumors. Findings will be presented at AACR Annual Meeting 2021 through two e-posters. TH1902 has received FDA fast track designation for advanced solid tumors expressing sortilin. The company secured $1.4 million in funding from the Canadian Cancer Society and the Government of Quebec for research in targeted oncology. A Phase 1 trial is underway, assessing TH1902's safety and anti-tumor activity across multiple cancer types, with enrollment for further trials planned upon establishing maximum tolerated dose.