earnings
confidence high
sentiment neutral
materiality 0.65
Tarsus reports FY2022 net loss of $62.1M; PDUFA for TP-03 on Aug 25, 2023
Tarsus Pharmaceuticals, Inc.
- Full-year net loss $62.1M vs $13.8M in 2021; revenue from TP-03 out-license was $25.8M.
- Cash, cash equivalents and marketable securities $217.0M; runway into at least 2H 2026.
- TP-03 NDA accepted; PDUFA target action date August 25, 2023 for Demodex blepharitis.
- Completed enrollment of Ersa Phase 2a (MGD); topline data expected H2 2023.
- Initiated Galatea Phase 2a trial of TP-04 for rosacea; Phase 1 safety supported progression.