Theratechnologies Inc T.TH

Alternate Symbol(s): THTX

Healthcare Biotechnology

Theratechnologies Inc. is a Canada-based clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies addressing unmet medical needs. It markets prescription products for people with human immunodeficiency viruses (HIV) in the United States. The Company's research pipeline focuses on specialized therapies addressing unmet medical needs in HIV, nonalcoholic steatohepatitis (NASH) and oncology. Its medicines include Trogarzo and EGRIFTA SV (tesamorelin for injection). Trogarzo (ibalizumab-uiyk) injection is a long-acting monoclonal antibody which binds to domain 2 of the CD4 T cell receptors. It blocks viral entry into host cells while preserving normal immunologic function. The Company is also investigating an intramuscular method of administration of Trogarzo. EGRIFTA SV (tesamorelin for injection) is approved in the United States for the reduction of excess abdominal fat in people with HIV who have lipodystrophy.

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Theratechnologies Inc > I don't know what it takes

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Comment by SPCEO1on Apr 18, 2024 12:16pm

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Post# 35996128

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I don't know what it takes

It seems clear to me that THTX wants to take advantage of the online AGM's ability to limit discussion. This should not be allowed as its harms shareholder rights. They make the whole process so convoluted so that it is difficult for shareholders to actually participate and they can recognize only those they want to recognize unlike at an in person meeting. Additionally, I have to think there are laws in place which require greater notice that was recieved of the AGM and proxy materials availability. This also was likely meant to stymy potential actions against the company by shareholders at the annual meeting but one has to wonder if they have not opened themselves up to lawsuits/challenges, etc.

Now, my best guess is none of this matters anyway as I am assuming there is no effort being made by any shareholders to organize any effort to overthrow the baord or make other changes at the AGM. It likely reflects the paranoia of the leadership of THTX that someone might be making a run at them. Of course, maybe they know of some effort, or threatened shareholder effort,that we are not aware of yet but that seems like a low probability possibility. But if something was going on, such as Soleus looking to unseat the board, I think we would likely know about it already. As I noted earlier, institional investors rarely get very aggressive with company boards.

So, what THTX is doing regarding the AGM is just more shareholder unfriendly activities likely reflecting fear, while justified by the company's very poor performance but not by anything I can actually see happening at this point, of shareholders revolting. In the absence of a dedicated activist shareholder and given the presence of IQ, they should be feeling pretty secure in their positions and there is likely no need for limiting shareholders rights regarding the AGM in the way they are. But, as I said, maybe they know something we don't.