earnings
confidence high
sentiment positive
materiality 0.70
Trevi Therapeutics reports Q1 net loss of $6.4M; plans three chronic cough trials in H2 2023
Trevi Therapeutics, Inc.
2023-Q1 EPS reported
-$0.06
- Net loss of $6.4M in Q1 2023 vs. $7.3M in Q1 2022; cash and equivalents $111.3M.
- Plans to initiate Phase 2b trial for chronic cough in IPF, Phase 1b respiratory physiology trial, and Phase 2a refractory chronic cough trial in H2 2023.
- Received Notice of Allowance for U.S. patent covering oral nalbuphine ER for chronic cough in IPF, expected expiration 2039.
- Completed open-label extension of Phase 2b/3 PRISM trial for prurigo nodularis; will request End of Phase 2 meeting with FDA.
- Completed part 1 of human abuse potential study; selected butorphanol dose for part 2.