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Theratechnologies Inc T.TH

Alternate Symbol(s):  THTX

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. 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. Its portfolio includes Phase I clinical trial of sudocetaxel zendusortide (TH1902), a novel peptide-drug conjugate (PDC), in patients with advanced ovarian cancer.


TSX:TH - Post by User

Post by palinc2000on Apr 26, 2022 10:18am
140 Views
Post# 34631878

Proceeds from the OO mostly unused one year later

Proceeds from the OO mostly unused one year laterThe following table shows the estimated use of proceeds, compared with the actual use of proceeds as at February 28, 2022: In millions Estimated Use of Proceeds Actual Use of Proceeds Variance Nash Phase 3 clinical trial $30.5 $2.7 $(27.8) Oncology R&D 7.0 3.7 (3.3) Commercial and marketing activities 3.5 -- (3.5) Other 1.5 1.8 0.3 Net Proceeds $42.5 $8.2 $(34.3) As at February 28, 2022, approximately $2,727,000 had been used in connection with the NASH Phase 3 clinical trial. As at February 28, 2022, approximately $3,697,000 had been used in connection with oncology research and development activities and the variance between the amount reserved and the amount used as at February 28, 2022 represents funds held in cash pending their planned allocation as costs are incurred. Finally, the Company has not implemented new initiatives in terms of commercial and marketing activities, such that the funds earmarked for such use have been added to the Company’s working capital. First-Quarter Fiscal 2022 Financial Resul
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