Financial Data and Key Metrics Changes - Total operating expenses increased to $5.5 million in Q2 2025 from $4 million in Q2 2024 [24] - R&D costs decreased to $1 million in Q2 2025 from $2.1 million in Q2 2024, primarily due to reduced costs associated with the ReAssure trial [24] - G&A costs rose to $4.2 million in Q2 2025 from $1.9 million in Q2 2024, driven by pre-commercialization activities [24] - Net loss on a GAAP basis was $6.5 million in Q2 2025 compared to a net loss of $5 million in Q2 2024 [25] - Non-GAAP net loss was $5.1 million in Q2 2025 compared to $3.8 million in Q2 2024, with the increase attributed to higher G&A expenses [25] - Cash and cash equivalents stood at $13 million as of June 2025, expected to fund operations into 2026 [26] Business Line Data and Key Metrics Changes - The company is preparing to launch Orlynda, targeting the uncomplicated urinary tract infection market in the U.S. [6][8] - The market generates approximately 40 million prescriptions annually, with about 26 million for at-risk patients [9] - The initial launch phase will focus on 20 targeted geographic territories, covering around 2,300 high-value physician targets [10][11] Market Data and Key Metrics Changes - The uncomplicated urinary tract infection market in the U.S. has not seen a new branded oral treatment in over 25 years, indicating a significant opportunity for Orlynda [9] - Rising rates of antimicrobial resistance are eroding the efficacy of existing treatments, highlighting the need for new therapies [10] Company Strategy and Development Direction - The company aims to successfully launch Orlynda to address unmet needs in the uncomplicated urinary tract infection market [7] - A commercial supply agreement has been executed with ACS Dabfahr for the production of Orlynda, ensuring a reliable supply chain [15][16] - The company plans to optimize physician targeting and resource allocation based on market dynamics and prescription patterns [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the upcoming launch of Orlynda, emphasizing the significant need for new treatment options in the U.S. market [31] - The company is focused on building a strong commercial presence and ensuring access to Orlynda for patients [12][21] Other Important Information - The FDA has granted Orlynda ten years of market exclusivity, expiring in October 2034 [19] - The company has requested authorization for an additional 80 million shares to ensure financial flexibility for strategic objectives [27][28] Q&A Session Summary - No questions were registered during the Q&A session, indicating a lack of immediate inquiries from investors [30]

Financial Data and Key Metrics Changes - Total operating expenses increased to $5.5 million in Q2 2025 from $4 million in Q2 2024 [26] - Research and development (R&D) costs decreased to $1 million in Q2 2025 from $2.1 million in Q2 2024, primarily due to reduced costs associated with the ReAssure trial [26] - General and administrative (G&A) costs rose to $4.2 million in Q2 2025 from $1.9 million in Q2 2024, driven by pre-commercialization activities [26] - Net loss on a US GAAP basis was $6.5 million in Q2 2025 compared to a net loss of $5 million in Q2 2024 [27] - Non-GAAP net loss was $5.1 million in Q2 2025, up from $3.8 million in Q2 2024, mainly due to higher G&A expenses [27] - Cash and cash equivalents stood at $13 million as of June 2025, expected to fund operations into 2026 [28] Business Line Data and Key Metrics Changes - The company is preparing to launch Orlynda, targeting the uncomplicated urinary tract infection market in the U.S. [6][9] - The market generates approximately 40 million prescriptions annually, with about 26 million for at-risk patients [10] - The initial launch phase will focus on 20 targeted geographic territories, primarily in major metropolitan areas across seven states [12] Market Data and Key Metrics Changes - The uncomplicated urinary tract infection market has not seen a new branded oral treatment in over 25 years, indicating a significant opportunity for Orlynda [11] - Rising rates of antimicrobial resistance are eroding the efficacy of existing treatments, highlighting the need for new therapies [11] Company Strategy and Development Direction - The company aims to successfully launch Orlynda to address unmet needs in the uncomplicated urinary tract infection market [8] - A commercial supply agreement has been executed with ACS Dabfahr for the manufacturing of Orlynda, ensuring a reliable supply chain [18] - The company has received FDA market exclusivity for Orlynda, which will last until October 2034 [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the upcoming launch of Orlynda and its potential to meet significant market needs [24] - The company is focused on optimizing physician targeting and resource allocation in key geographies to maximize revenue generation [16] - Management highlighted the importance of speed to therapy for patients suffering from uncomplicated urinary tract infections [17] Other Important Information - The company has deferred a $20 million regulatory payment to Pfizer, now due in October 2029, alleviating near-term financial obligations [21] - The company is seeking authorization for an additional 80 million shares to ensure financial flexibility for strategic objectives [29] Q&A Session Summary - No questions were registered during the Q&A session, indicating a lack of immediate inquiries from investors [32]

Summary of Iterum Therapeutics Conference Call Company Overview - **Company**: Iterum Therapeutics - **Product**: Orlynda (oral solopenem) - **Partnership**: Eversana for commercialization Key Points Industry Context - The uncomplicated urinary tract infection (UTI) market in the U.S. generates approximately **40 million prescriptions annually** [10] - **Two-thirds** of these prescriptions (about **26 million**) are for at-risk patients, including elderly women and those with comorbidities [10] - There have been **no new oral treatments** for uncomplicated UTIs in over **25 years**, with the market leader, nitrofurantoin, approved in **1953** [11] - Rising rates of **antibiotic resistance** are diminishing the effectiveness of existing treatments [12] Product Development and Commercialization - Orlynda received **FDA approval** in **October 2024** and is the only FDA-approved oral penum in the U.S. for uncomplicated UTIs [9] - Iterum has signed a **commercialization agreement** with Eversana to expedite the launch of Orlynda [8] - The expected launch date for Orlynda is by the **fourth quarter of 2025** [3][9] Financial Updates - Pfizer extended the due date for a **$20 million regulatory milestone** payment related to Orlynda from **October 2026** to **October 2029**, alleviating financial pressure [7] - Pricing strategy for Orlynda is not finalized, but expected to be between **$1,400 and $4,700** per treatment course [18] Market Dynamics and Research Insights - Physicians report a **high unmet need** for new antibiotics in the uncomplicated UTI space, with low confidence in existing treatments for at-risk patients [13] - Orlynda is viewed favorably by payers for its efficacy and safety, particularly against multidrug-resistant pathogens [13] Commercialization Strategy - A team of **national account managers** has been trained to ensure optimal market access for Orlynda [14] - The launch will occur in **phases**, with initial focus on territories with high prescription rates [15][16] - Each high-value physician in target territories writes an average of **over 500 prescriptions** for uncomplicated UTIs annually [17] Intellectual Property and Manufacturing - Orlynda has **10 years of marketing exclusivity** in the U.S. from the FDA, expiring in **October 2034** [21] - The company holds multiple patents related to Orlynda, with expiration dates ranging from **2039 to 2041** [24] - Current inventory is projected to last through **mid to late 2026**, with a shelf life of **six years** from manufacture [25] Conclusion - Iterum Therapeutics is making significant progress towards the commercialization of Orlynda, addressing a critical need in the UTI market, and anticipates a successful launch by the end of 2025 [26]

Financial Data and Key Metrics Changes - Total operating expenses decreased to $3.7 million in Q1 2025 from $6.2 million in Q1 2024 [16] - Research and development (R&D) costs significantly dropped to approximately $600,000 in Q1 2025 from $4 million in the same period in 2024, primarily due to reduced costs associated with the ReAssure trial [17] - General and administrative (G&A) expenses increased to $2.8 million in Q1 2025 from $2.2 million in Q1 2024, driven by pre-commercialization activities [18] - Net loss on a U.S. GAAP basis was $4.9 million in Q1 2025 compared to a net loss of $7.1 million in Q1 2024 [18] - Non-GAAP net loss improved to $3.3 million in Q1 2025 from $5.8 million in Q1 2024, reflecting lower R&D expenses [19] Business Line Data and Key Metrics Changes - The company is preparing for the potential commercialization of Orlynda, targeting the U.S. market for uncomplicated urinary tract infections [6][10] - The addressable market for Orlynda is estimated at 26 million prescriptions annually for at-risk patients, with a potential net sales of over $250 million if a 1% market share is captured [10] Market Data and Key Metrics Changes - The U.S. market for uncomplicated urinary tract infections generates approximately 40 million prescriptions annually, with a significant portion written for at-risk patients [9] - New competition is emerging, with a product approved in April 2024 and another from GlaxoSmithKline expected to launch in the second half of 2025, increasing urgency for Orlynda's market entry [10] Company Strategy and Development Direction - The company aims to launch Orlynda by Q4 2025, emphasizing the urgency due to the lack of innovation in the therapy area over the past 25 years [6][8] - A phased launch strategy is planned, focusing on territories with high antibiotic resistance and a significant number of prescribing physicians [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the commercialization timeline, stating no significant hurdles are anticipated before the launch of Orlynda [27] - The company has extended its cash runway into 2026, which includes the potential launch of Orlynda [14] Other Important Information - The company repaid outstanding principal and interest on exchangeable notes in January 2025, reducing its debt burden [13] - As of March 2025, the company had cash and cash equivalents of $12.7 million, which, along with recent fundraising, is expected to fund operations into 2026 [19] Q&A Session Summary Question: Can you elaborate on the maturity of conversations with potential commercial partners? - Management indicated ongoing discussions but noted that many potential partners may not see the timing as right for a partnership [25] Question: Are there any outstanding rate-limiting steps ahead of Orlynda's launch later this year? - Management stated there are no significant hurdles remaining and confirmed that product manufacturing is already in place [27]

Financial Data and Key Metrics Changes - Total operating expenses decreased to $3.7 million in Q1 2025 from $6.2 million in Q1 2024 [16] - Research and development (R&D) costs significantly dropped to approximately $600,000 in Q1 2025 from $4 million in the same period in 2024, primarily due to reduced costs associated with the ReAssure trial [17] - General and administrative (G&A) expenses increased to $2.8 million in Q1 2025 from $2.2 million in Q1 2024, driven by pre-commercialization activities [18] - The net loss on a U.S. GAAP basis was $4.9 million in Q1 2025, compared to a net loss of $7.1 million in Q1 2024 [18] - On a non-GAAP basis, the net loss was $3.3 million in Q1 2025, down from $5.8 million in Q1 2024, reflecting lower R&D expenses [19] Business Line Data and Key Metrics Changes - The company is preparing for the potential commercialization of Orlynda, targeting the U.S. market for uncomplicated urinary tract infections [6][10] - The addressable market for Orlynda is estimated at 26 million prescriptions annually for at-risk patients, with a potential net sales of over $250 million if a 1% market share is captured [9] Market Data and Key Metrics Changes - The U.S. market for uncomplicated urinary tract infections generates approximately 40 million prescriptions annually, with a significant portion for at-risk patients [8] - New competition is emerging, with a product approved in April 2024 and another from GlaxoSmithKline expected to launch in the second half of 2025, increasing urgency for Orlynda's market entry [10] Company Strategy and Development Direction - The company aims to launch Orlynda by Q4 2025, emphasizing the urgency due to the lack of innovation in the therapy area over the past 25 years [7][14] - The commercialization strategy involves phased launches based on antibiotic resistance rates, physician prescription volumes, and managed care access [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market dynamics for Orlynda, highlighting the significant need for new therapies for at-risk patients [14] - There are no major hurdles anticipated before the launch, with product manufacturing already in place [30] Other Important Information - The company repaid outstanding principal and interest on exchangeable notes in January 2025, reducing debt significantly [13] - Cash and cash equivalents were reported at $12.7 million as of March 2025, with expectations to fund operations into 2026 [19] Q&A Session Summary Question: Can you elaborate on the maturity of conversations with potential commercial partners? - Management indicated ongoing discussions but noted that many potential partners may not see the timing as right for a partnership [26][28] Question: Are there any outstanding rate-limiting steps ahead of Orlynda's launch later this year? - Management stated there are no significant hurdles remaining, with all necessary product available for launch [30]