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Stock impact report

Travere Therapeutics Reports Second Quarter 2022 Financial Results

Travere Therapeutics, Inc. (TVTX) 
Company Research Source: GlobeNewswire
SAN DIEGO, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Travere Therapeutics, Inc. (NASDAQ: TVTX) today reported its second quarter 2022 financial results and provided a corporate update. New Drug Application (NDA) for accelerated approval of sparsentan in IgA nephropathy (IgAN) accepted by the U.S. Food and Drug Administration (FDA) and granted Priority Review; Prescription Drug User Fee Act (PDUFA) target action date set for November 17, 2022Total revenue for the second quarter 2022 was $54.2 million, consisting of $51.0 million in net product sales and $3.2 million in licensing and collaboration revenueCash, cash equivalents and marketable securities, as of June 30, 2022, totaled $553.2 million “In the second quarter, the FDA accepted for review our NDA for sparsentan for the treatment of IgA nephropathy and granted priority review; this positions us for the first potential approval of sparsentan in November and keeps us on course to achieve our goal of making sparsentan a new treatment s Show less Read more
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