The following is a summary of the Travere Therapeutics, Inc. (TVTX) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Travere recorded Q1 2024 total revenue of $41.4 million, up from $30.9 million in the same period in 2023.

• The company sees a net loss of $136.1 million, or $1.76 per basic share, more significant than last years' $86.3 million or $1.27 per basic share.

• The firm's cash and cash equivalents and marketable securities stood at $441 million as of March 2024.

Business Progress:

• FILSPARI continues to grow in the US market with 35% growth over the last quarter.

• The supplemental New Drug Application (sNDA) of FILSPARI is priority-reviewed by the FDA.

• The Phase 3 HARMONY study has been initiated for pegtibatinase, projected to become the new standard in the HCU market.

• The growth of FILSPARI will continue to be driven by improved labeling and KDIGO guidelines.

• The company has pursued other paths for FSGS treatment and started the Phase III Harmony Study related to the $65 million in-process R&D expense.

More details: Travere Therapeutic IR

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