Trevena(TRVN)
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Trevena(TRVN) - 2023 Q4 - Annual Results
2024-04-01 10:00
Exhibit 99.1 Trevena Reports Fourth Quarter 2023 Results and Provides Corporate Update TRV045, novel S1P receptor modulator for chronic pain and epilepsy, advances toward important milestones in both non-clinical and clinical studies Company announces reduction of OLINVYK commercial support and review of alternatives for OLINVYK CHESTERBROOK, Pa., April 1, 2024 (GLOBE NEWSWIRE) –Trevena, Inc. (Nasdaq: TRVN), a biopharmaceutical company focused on the development and commercialization of novel medicines for ...
Trevena(TRVN) - 2023 Q3 - Earnings Call Transcript
2023-11-14 14:21
Trevena, Inc. (NASDAQ:TRVN) Q3 2023 Earnings Conference Call November 14, 2023 8:00 AM ET Company Participants Barry Shin - Senior Vice President, Chief Financial Officer Carrie Bourdow - President and Chief Executive Officer Mark Demitrack - Senior Vice President, Chief Medical Officer Daniel Clauw - Key Opinion Leader and Paid Scientific Consultant Conference Call Participants Jason Butler - JMP Securities Douglas Tsao - H.C. Wainwright Operator Greetings and welcome to Trevena, Inc. Third Quarter 2023 Ea ...
Trevena(TRVN) - 2023 Q3 - Quarterly Report
2023-11-14 12:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36193 Trevena, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisd ...
Trevena(TRVN) - 2023 Q2 - Quarterly Report
2023-08-14 11:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36193 Trevena, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdictio ...
Trevena(TRVN) - 2023 Q1 - Earnings Call Transcript
2023-05-15 13:21
Trevena, Inc. (NASDAQ:TRVN) Q1 2023 Earnings Conference Call May 15, 2023 8:00 AM ET Company Participants Barry Shin - Chief Financial Officer Carrie Bourdow - President and Chief Executive Officer Patty Drake - Chief Commercial Officer Mark Demitrack - Chief Medical Officer Conference Call Participants Douglas Tsao - H.C. Wainwright Brandon Folkes - Cantor Fitzgerald Operator Hello and welcome to Trevena, Inc. First Quarter 2023 Earnings Call. All participants will be in listen only mode. [Operator Instruc ...
Trevena(TRVN) - 2023 Q1 - Earnings Call Presentation
2023-05-15 11:49
Existing S1PR-targeted drugs, however, are ill-suited for CNS indications due to known: Lymphopenia Pulmonary AEs Cardiac AEs Ophthalmologic AEs 1) Sim-Selley et al., Journal of Pharmacology & Experimental Therapeutics, 2018. 2) Sim-Selley et al, Journal of Neurochemistry, 2008. 3) Gol et al., European Journal of Pharmaceutical Sciences, 2017. 4) Leo et al, CNS & Neurological Disorders - Drug Targets, 2017. 5) Choi, et al. PNAS 2011. 25 TRV045: Novel MOA, Selective S1PR % non-responseto pain stimulus Revers ...
Trevena(TRVN) - 2023 Q1 - Quarterly Report
2023-05-15 11:17
Table of Contents For the quarterly period ended March 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36193 Trevena, Inc. (Exact Name of Registrant as Specified in Its Charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware (State or Other Jurisdicti ...
Trevena(TRVN) - 2022 Q4 - Earnings Call Transcript
2023-03-31 19:07
Trevena, Inc. (NASDAQ:TRVN) Q4 2022 Earnings Conference Call March 30, 2023 8:00 AM ET Company Participants Barry Shin - Chief Financial Officer Carrie Bourdow - President and Chief Executive Officer Patty Drake - Chief Commercial Officer Mark Demitrack - Chief Medical Officer Conference Call Participants Jason Butler - JMP Securities Brandon Folkes - Cantor Fitzgerald Douglas Tsao - H.C. Wainwright Operator Greetings, and welcome to the Trevena Fourth Quarter and Full Year 2022 Earnings Call. [Operator I ...
Trevena(TRVN) - 2022 Q4 - Annual Report
2023-03-30 11:17
Financial Performance - Total revenue for the year ended December 31, 2022, was $(418) thousand, a decrease from $567 thousand in 2021, representing a decline of approximately 173.7%[546] - Operating expenses increased to $55,957 thousand in 2022 from $52,492 thousand in 2021, marking an increase of about 9.4%[546] - The net loss for 2022 was $(53,670) thousand, compared to a net loss of $(51,588) thousand in 2021, reflecting an increase in loss of approximately 4.0%[546] - The company reported a comprehensive loss of $(53,669) thousand for 2022, compared to $(51,588) thousand in 2021, indicating a worsening of approximately 4.0%[546] - The company recognized a net loss of $53,670,000 for the year ended December 31, 2022, compared to a net loss of $51,588,000 in 2021, resulting in a net loss per share of $(7.59) for 2022[676] Cash and Liquidity - Cash and cash equivalents decreased to $38,320 thousand as of December 31, 2022, down from $66,923 thousand in 2021, a decline of about 42.5%[543] - The Company’s cash and cash equivalents totaled $40,280,000 as of December 31, 2022, compared to $68,234,000 in 2021, indicating a significant decrease in liquidity[597] - The company had a cash decrease of $(27,954) thousand for the year, compared to a decrease of $(42,479) thousand in 2021, showing an improvement of approximately 34.3%[551] Assets and Liabilities - Total assets decreased to $48,680 thousand in 2022 from $80,124 thousand in 2021, a reduction of approximately 39.2%[543] - Total liabilities increased significantly to $33,081 thousand in 2022 from $15,495 thousand in 2021, an increase of about 113.5%[543] - The Company has incurred an accumulated deficit of $547.8 million as of December 31, 2022, with a net loss of $53.7 million for the year ended December 31, 2022[556] Funding and Capital Structure - The company recorded gross proceeds of $15 million from a loan agreement with R-Bridge Healthcare Investment Advisory, Ltd. in April 2022[539] - Management's plans include securing additional funding to support future operating expenses and capital expenditures[9] - The Company has entered into a Loan Agreement allowing for up to $40 million in term loan borrowings, with the first tranche of $15 million already advanced in April 2022[611] - The Company was in compliance with all covenants of the Loan Agreement as of December 31, 2022, with no events of default reported[615] Research and Development - The Company capitalized approximately $18.7 million of research and development (R&D) expenses as of December 31, 2022, due to the Tax Cuts and Jobs Act of 2017 requiring capitalization of R&D costs[682] - Research and development costs are charged to expense as incurred, including personnel expenses and clinical trial costs[577] - The Company capitalized $80.648 million in research and development expenses for tax purposes as of December 31, 2022, down from $93.254 million in 2021[680] Stock and Compensation - The Company has two stock-based compensation plans and recognizes compensation expense based on estimated grant-date fair values[583] - Total stock-based compensation expense recognized for the year ended December 31, 2022, was $3.676 million, a decrease from $4.407 million in 2021[636] - The Company granted 39,998 stock options in 2022 at a weighted average exercise price of $11.47, compared to 149,905 options granted in 2021 at $39.91[637] - The estimated grant-date fair value of options granted in 2022 was $8.88 per share, down from $31.19 per share in 2021[639] Tax and Deferred Tax - The Company has a full valuation allowance against its deferred tax assets, which decreased by $7,500,000 for the year ended December 31, 2022[679] - Total deferred tax assets as of December 31, 2022, amounted to $147.781 million, a decrease from $155.259 million in 2021[680] - The Company has federal research and development tax credit carryforwards of $16.3 million that begin to expire in 2027[681] Market and Competition - The company is assessing the potential market acceptance of its product candidates in light of existing competition[9] - The company is focused on successfully commercializing OLINVYK and other product candidates pending regulatory approval[9] - Future commercialization activities will include product manufacturing, marketing, sales, and distribution for approved product candidates[523]
Trevena(TRVN) - 2022 Q3 - Earnings Call Transcript
2022-11-13 18:50
Trevena, Inc. (OTC:TRVN) Q3 2022 Results Earnings Conference Call November 13, 2022 8:00 AM ET Company Participants Barry Shin - Chief Financial Officer Carrie Bourdow - President and Chief Executive Officer Patty Drake - Chief Commercial Officer Mark Demitrack - Chief Medical Officer Conference Call Participants Douglas Tsao - H.C. Wainwright & Co. Jason Butler - JMP Securities Brandon Folkes - Cantor Fitzgerald Jeff Jones - Oppenheimer & Co. Inc. Operator Greetings and welcome to Trevena Inc. Third Quarte ...