earnings
confidence high
sentiment neutral
materiality 0.55
Trevi Therapeutics Q2 net loss $7.1M; cash $94.2M; three chronic cough trials on track for H2 2023
Trevi Therapeutics, Inc.
2023-Q2 EPS reported
-$0.14
- Net loss of $7.1M in Q2 2023 vs. $8.1M in Q2 2022; R&D expenses rose to $5.8M.
- Cash, cash equivalents and marketable securities $94.2M at June 30, 2023.
- Plans to initiate three chronic cough trials (Phase 2b IPF, Phase 1b IPF, Phase 2a RCC) in H2 2023 remain on track.
- Human Abuse Potential study delayed due to IV butorphanol shortage from supplier tornado damage.
- Phase 2 CANAL trial data published in NEJM Evidence; term loan of $6.5M repaid in May 2023.