- Theratechnologies ( NASDAQ: THTX ) stock rises ~9% after the company announced Q2 result and positive data from its dose escalation portion of Phase 1 study of TH1902 to treat in advanced resistant malignancies.
- The company tightened it FY2022 revenue guidance to be in the range of $79M - $82M, from prior outlook of $79M - $84M, but the mid-range of the guidance was well-ahead of analysts estimate of $79.33M.
- Revenue rose 8.3% Y/Y to 19.27M, but missed estimated by $0.86M.
- Net sales of Egrifta SV treatment to reduce excess abdominal fat in adult patients living with HIV and lipodystrophy were $11.42M vs. $10.34M a year earlier.
- Sales from HIV drug, Trogarzo, were $7.85M vs. $7.44M, a year earlier.
- The company said there were early signs of efficacy observed in the dose escalation portion of its Phase 1 study to treat cancers.
- The company said the confirmed safety profile was at 300 mg/m2 or 1.5 times the therapeutic dose of chemotherapy drug, docetaxel, alone.
- The company continued enrollment of clinical trial sites with 6 major cancer centers.
- The pharmacokinetics data observed in humans showed low levels of free docetaxel, consistent with what was observed in the prior animal studies - THTX.
- The trial showed the first patient achieved a confirmed partial response with the tumor mass reduction of 53%.
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Theratechnologies stock rises 9% on positive data from early-stage trial data of cancer therapy