earnings
confidence high
sentiment neutral
materiality 0.65
Trevi Therapeutics Q3 2023 net loss $7.7M; initiates Phase 2a RIVER trial for Haduvio in RCC
Trevi Therapeutics, Inc.
2023-Q3 EPS reported
-$0.21
- Net loss $7.7M in Q3 2023 vs $8.3M in Q3 2022; cash, equivalents $88.9M.
- Initiated Phase 2a RIVER trial of Haduvio in refractory chronic cough; topline data expected H2 2024.
- Plan to initiate Phase 2b dose-ranging trial for chronic cough in IPF in Q4 2023; Phase 1b trial in Q1 2024.
- Open-label extension of PRISM trial in prurigo nodularis showed sustained itch reduction and safety over 52 weeks.
- R&D expenses $6.3M, G&A $2.7M; other income $1.3M due to higher interest income.