earnings
confidence high
sentiment neutral
materiality 0.65
Trevi Therapeutics reports Q3 2022 net loss of $8.3M; cash at $126M
Trevi Therapeutics, Inc.
2022-Q3 EPS reported
-$0.44
- Net loss of $8.3M in Q3 2022 vs. $7.3M in Q3 2021; R&D expenses rose to $5.8M.
- Cash, cash equivalents, and investments totaled $126M as of Sept 30, 2022.
- Phase 2 CANAL trial for chronic cough in IPF met primary endpoint with 75.1% reduction in cough frequency (placebo-adjusted 52.5%, p<0.0001).
- Phase 2b/3 PRISM trial for prurigo nodularis open-label extension ongoing; end-of-phase 2 FDA meeting planned Q1 2023.