other material
confidence high
sentiment neutral
materiality 0.50
Cara Therapeutics updates corporate presentation; cash $102M, pipeline catalysts outlined
Tvardi Therapeutics, Inc.
- Cash position $102M as of June 30, 2023, no debt, cash runway at least 12 months.
- KORSUVA injection launched in US (Apr 2022) and EU (Sep 2022); Japan approval expected 2H23.
- Oral difelikefalin in phase 3 for advanced CKD (KICK1/2, topline 2H24) and atopic dermatitis (KIND1/2, topline 1H25).
- Phase 2/3 for notalgia paresthetica (KOURAGE1) initiated 1Q23, topline 2H26.
- Partner CSL Vifor handles commercialization; Cara has no cash outlay for commercial costs.