earnings
confidence high
sentiment neutral
materiality 0.65
Tarsus Q1 net loss $23.4M; cash $201.2M; TP-03 PDUFA Aug 25
Tarsus Pharmaceuticals, Inc.
2023-Q1 EPS reported
-$0.88
revenue$2,500,000
- Net loss of $23.4M vs $20.2M in Q1 2022; revenue $2.5M from LianBio partnership.
- Cash and marketable securities $201.2M as of March 31, 2023.
- TP-03 (Demodex blepharitis) PDUFA date August 25, 2023; 93% of eye doctors would prescribe if approved.
- Phase 2a trials ongoing for TP-04 (rosacea), TP-05 (Lyme prevention), and TP-03 (MGD).
- Appointed Jeff Farrow as CFO and Chief Strategy Officer.