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Trevena Announces Restructuring to Focus Resources on Commercial Strategy

TREVENA (TRVN)  More Company Research Source: GlobeNewswire
Last trevena earnings: 11/8 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.trevena.com/investor-relations
PDF – Initiative streamlines operations to focus on approval and commercial launch of OLINVO™ (oliceridine injection) and significantly reduces operating expenses –             – New Drug Application for OLINVO remains on track for submission in October – CHESTERBROOK, Pa., Oct. 11, 2017 (GLOBE NEWSWIRE) -- Trevena, Inc. (NASDAQ:TRVN) today announced an update to its strategy to focus its resources on the potential approval and commercialization of OLINVO™ (oliceridine injection) in the United States.    With this strategic re-positioning, the Company is halting its investment in early stage research. The Company intends to complete the ongoing Phase 1 trial of TRV250 for acute migraine, after which it will assess options for further development of this asset, as well as for its series of novel S1P modulators for neuropathic pain.  As part of this plan, the Company is reducing its workforce by approximately 30 percent, or 21 full time employees, predominantly from its research team. [Read more]

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