Theratechnologies Inc Stock Price, News & Analysis

Theratechnologies (THTX) reported Q2 2021 revenues of $17.8 million, a 4% increase from $17.2 million in Q2 2020. EGRIFTA® net sales rose 12% to $10.3 million, while Trogarzo® net sales fell 6% to $7.4 million. The company announced complete discussions with the FDA and EMA on its upcoming Phase 3 trial for tesamorelin targeting NASH, though costs for this trial are expected to be higher than previously estimated. A search for a partnership to support this program's launch has begun. The net loss for the quarter was $6.4 million, or $(0.07) per share.

MONTREAL, June 30, 2021 (GLOBE NEWSWIRE) -- Theratechnologies Inc. (THTX) plans to release its financial results for Q2 fiscal 2021, ending May 31, 2021, on July 15, 2021. A conference call will be held at 8:30 a.m. ET to discuss these results, hosted by CEO Paul Lévesque. Interested parties can access the call at 1-844-400-1697 or via webcast. A replay will be available the same day and until July 22, 2021. Theratechnologies focuses on innovative therapies addressing unmet medical needs.

Theratechnologies (THTX) has appointed Frank Holler as an independent member of its Board of Directors, enhancing the board's expertise in capital markets and biotechnology. Holler, who has a strong background in the biotech industry and has led successful companies, is expected to contribute significantly as Theratechnologies advances its global commercial business and clinical pipeline. The company is progressing with TH1902, a Phase 1 clinical trial for solid tumors, and developing tesamorelin for NASH treatment.

Theratechnologies (THTX) announced promising preclinical findings for its peptide-drug conjugate TH1902, showing superior anti-metastatic activity compared to docetaxel in a lung cancer model. These results, particularly in SORT1+ cancers, suggest potential effectiveness in treating difficult-to-manage metastasis. A live webcast is scheduled to provide additional insights into TH1902 and the SORT1+ Technology. The company aims to leverage SORT1 receptors, prevalent in numerous cancer types, to enhance treatment efficacy and reduce toxicity. The FDA has granted fast track designation to TH1902 for relevant cancers.

Theratechnologies has announced a KOL webinar scheduled for June 21, 2021, at 11:00 a.m. ET, focusing on their SORT1+ Technology™ and TH1902, an investigational peptide-drug conjugate for treating sortilin-expressing advanced solid tumors. The webinar will feature Dr. Richard Béliveau from Université du Québec à Montréal and updates from the company's executives. Notably, TH1902 has received fast track designation from the FDA for advanced solid tumors that are resistant to standard therapy, and it is currently in a Phase 1 clinical trial.

Theratechnologies announces the appointment of André Dupras as Vice President of Human Resources, effective immediately. Mr. Dupras brings over 25 years of HR experience, having previously held leadership roles at Clementia Pharmaceuticals and Pfizer Canada. His expertise is expected to help Theratechnologies attract and retain top talent, crucial for advancing its commercial objectives and research pipeline. Paul Lévesque, the Company’s CEO, highlighted the significance of Mr. Dupras’s role in strengthening the team amidst a competitive talent market.

Theratechnologies Inc. (THTX) presented positive results at the ACTHIV 2021 conference, highlighting patient satisfaction and compliance with Trogarzo^®. A survey of 30 patients revealed that 100% reported satisfaction with the treatment experience, while 98% compliance was noted in a retrospective evaluation involving 130 patients. Additionally, 93% of patients found the IV infusion process convenient, and 87% expressed a high level of satisfaction. The findings underscored Trogarzo^® effectiveness in supporting treatment adherence among HIV patients.

On May 18, 2021, Theratechnologies (NASDAQ: THTX, TSX: TH) announced that CEO Paul Levesque will participate in a virtual fireside chat hosted by Edward Nash at Canaccord Genuity on May 20, 2021, at 2:00 p.m. ET. The event will be accessible via a live webcast on the company’s website, providing insights into its innovative therapies aimed at addressing unmet medical needs. The company emphasizes its commitment to developing and commercializing biopharmaceutical solutions.