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Travere Therapeutics, Inc. - TVTX STOCK NEWS

Welcome to our dedicated page for Travere Therapeutics news (Ticker: TVTX), a resource for investors and traders seeking the latest updates and insights on Travere Therapeutics stock.

Travere Therapeutics, Inc. (NASDAQ: TVTX) is a biopharmaceutical company dedicated to identifying, developing, and delivering life-changing therapies for people living with rare kidney, liver, and metabolic diseases. The company's key focus is the development of its investigational product candidate, sparsentan. This novel therapy is in late-stage development for treating focal segmental glomerulosclerosis (FSGS) and IgA nephropathy (IgAN), both rare kidney disorders that can lead to end-stage kidney disease.

Travere Therapeutics has made significant strides in its mission, marked by several recent achievements. The company reported positive topline data from the pivotal phase-III PROTECT study of sparsentan in IgAN, showing a substantial reduction in proteinuria and potential long-term benefits in preserving kidney function. This led to the conditional marketing authorization of sparsentan under the brand name FILSPARI® in Europe and anticipated full approval in the U.S.

Additionally, Travere Therapeutics is advancing other innovative therapies. The company is exploring the potential of pegtibatinase as the first disease-modifying treatment for classical homocystinuria (HCU), with topline data expected in 2026.

Travere's strategic partnerships, such as with CSL Vifor, amplify its reach and impact. CSL Vifor has exclusive commercialization rights for sparsentan in Europe, Australia, and New Zealand. Together, these companies are dedicated to bringing promising treatments to patients worldwide.

The company's financial condition remains robust, supported by a strong pipeline and successful trials. Travere's commitment to the rare disease community is evidenced by its relentless pursuit of better treatment options and its collaborative efforts with patients, families, and caregivers.

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Travere Therapeutics grants inducement equity grants to new employees
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Travere Therapeutics completes sale of bile acid product portfolio to Mirum Pharmaceuticals for $210 million upfront payment and potential milestone payments of up to $235 million. Mirum acquires rights to Cholbam® and Chenodal®, expanding its leadership in rare liver disease and Phase 3 label expansion opportunity.
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Mirum acquires Travere's rights and assets for Cholbam® and Chenodal®, paying $210 million upfront with potential for $235 million in milestone payments. Expands Mirum's rare liver disease portfolio and strengthens Travere's financial foundation.
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Travere Therapeutics to present at Wells Fargo Healthcare Conference
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Travere Therapeutics will present clinical data from the Phase 1/2 COMPOSE Study of pegtibatinase at the SSIEM Annual Symposium. The data highlights the urgent need for new treatments for classical homocystinuria (HCU).
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Mirum Pharmaceuticals and Travere Therapeutics have entered into a definitive agreement for the sale of Travere's bile acid product portfolio. Mirum will acquire Travere's rights to Cholbam® and Chenodal® for $445 million, with $210 million upfront and up to $235 million in potential sales-based milestones. Mirum has secured $210 million in funding to finance the upfront payment. The transaction is expected to close in Q3 2023.
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FAQ

What is the current stock price of Travere Therapeutics (TVTX)?

The current stock price of Travere Therapeutics (TVTX) is $18.26 as of November 21, 2024.

What is the market cap of Travere Therapeutics (TVTX)?

The market cap of Travere Therapeutics (TVTX) is approximately 1.6B.

What is the primary focus of Travere Therapeutics?

Travere Therapeutics focuses on developing therapies for rare kidney, liver, and metabolic diseases.

What is sparsentan?

Sparsentan is an investigational product candidate being developed by Travere Therapeutics for treating FSGS and IgAN.

What recent achievements has Travere Therapeutics made?

Travere Therapeutics has reported positive topline data from the phase-III PROTECT study of sparsentan in IgAN and received conditional marketing authorization for sparsentan in Europe.

What are the indications for FILSPARI®?

FILSPARI® is indicated for reducing proteinuria in adults with primary IgA nephropathy at risk of rapid disease progression.

Who are Travere Therapeutics' strategic partners?

CSL Vifor is a key strategic partner, holding exclusive commercialization rights for sparsentan in Europe, Australia, and New Zealand.

What is the potential significance of pegtibatinase?

Pegtibatinase has the potential to become the first disease-modifying treatment for classical homocystinuria, with topline data expected in 2026.

What are the key safety considerations for FILSPARI® therapy?

Safety considerations include monitoring for hepatotoxicity and embryo-fetal toxicity; the therapy is available only through a restricted program called the FILSPARI REMS.

What is the financial condition of Travere Therapeutics?

Travere Therapeutics maintains a robust financial condition supported by a strong pipeline and successful clinical trials.

How does Travere Therapeutics develop its therapies?

Travere collaborates closely with the rare disease community to understand their needs and develops life-changing therapies based on these insights.

Where can more information about Travere Therapeutics be found?

More information can be found on their official website, travere.com.

Travere Therapeutics, Inc.

Nasdaq:TVTX

TVTX Rankings

TVTX Stock Data

1.59B
77.32M
0.65%
98.57%
10.24%
Biotechnology
Pharmaceutical Preparations
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United States of America
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