Theratechnologies Announces Update On Its Preclinical Oncology Research Program; Company Will Continue To Prioritize Its Ongoing Phase 1 Clinical Trial Of Sudocetaxel Zendusortide In Patients With Advanced Ovarian Cancer
Portfolio Pulse from Benzinga Newsdesk
Theratechnologies Inc. announced it will phase down its preclinical oncology research activities to focus on its Phase 1 clinical trial of sudocetaxel zendusortide in advanced ovarian cancer patients. The company aims to leverage its SORT1+ Technology platform data to attract an R&D partner. It also plans to present preclinical data at the AACR annual meeting. The restructuring is expected to result in charges of approximately $1.395 million during 2024, aligning with its goal of achieving positive Adjusted EBITDA.
March 22, 2024 | 1:39 pm
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Theratechnologies Inc. is refocusing its efforts on the Phase 1 trial of sudocetaxel zendusortide, reducing preclinical oncology research to improve its financial position and attract R&D partners.
The company's decision to focus on the promising Phase 1 trial of sudocetaxel zendusortide and to attract R&D partners by leveraging its SORT1+ Technology platform data could be seen positively by investors. The anticipated restructuring charges are a short-term expense that could lead to long-term financial health and success in their clinical trials.
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