financetom
Business
financetom
/
Business
/
Theratechnologies Shares Soar Premarket on FDA Approval of New Formulation of Excess Abdominal Fat Treatment
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Theratechnologies Shares Soar Premarket on FDA Approval of New Formulation of Excess Abdominal Fat Treatment
Mar 26, 2025 2:40 AM

05:17 AM EDT, 03/26/2025 (MT Newswires) -- Theratechnologies ( THTX ) shares were up 50% in recent premarket activity Wednesday after the company said overnight that the US Food and Drug Administration approved its supplemental biologics license application for the new formulation of tesamorelin to be used as an injection.

The company said the tesamorelin injection is approved in the US for the reduction of excess abdominal fat in adults with HIV who have lipodystrophy.

The company plans to commercialize the new F8 formulation under the tradename EGRIFTA WR.

EGRIFTA WR only needs weekly reconstitution and requires less than half the administration volume as the current F4 formulation -- sold in the US as EGRIFTA SV -- which is reconstituted daily, the company said.

The new formulation, which is patent-protected in the US through 2033, will replace EGRIFTA SV.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ituran Unit Signs Deal With Nissan for Vehicle Tracking, Recovery Services in Chile
Ituran Unit Signs Deal With Nissan for Vehicle Tracking, Recovery Services in Chile
Nov 13, 2024
10:12 AM EST, 11/13/2024 (MT Newswires) -- Ituran Location and Control ( ITRN ) said Wednesday its Chilean unit has struck a five-year agreement with Nissan Chile to provide a Vehicle Location Unit and telematics and stolen vehicle recovery services to its customers. The agreement will initially cover three Nissan vehicle models and will provide customers with a one-year free...
DLH Cuts Debt by $24.8 Million in Fiscal 2024, Amends Credit Facility for Flexibility
DLH Cuts Debt by $24.8 Million in Fiscal 2024, Amends Credit Facility for Flexibility
Nov 13, 2024
09:38 AM EST, 11/13/2024 (MT Newswires) -- DLH Holdings ( DLHC ) said Wednesday it reduced its debt by $24.8 million during fiscal 2024. Total debt was lowered to $154.6 million from $179.4 million as of September 30, aided by a focus on voluntary prepayments, the company said. DLH Holdings ( DLHC ) also said it amended its credit agreement...
Pitney Bowes, DRF Logistics Agree in Principle to Resolve Outstanding Disputes With Unsecured Creditors in Bankruptcy Case
Pitney Bowes, DRF Logistics Agree in Principle to Resolve Outstanding Disputes With Unsecured Creditors in Bankruptcy Case
Nov 13, 2024
09:32 AM EST, 11/13/2024 (MT Newswires) -- Pitney Bowes ( PBI ) said Wednesday it reached an agreement in principle with its former global e-commerce unit, DRF Logistics, to resolve ongoing disputes with an official committee of unsecured creditors. Pitney Bowes ( PBI ) said it expects the resolution to help keep DRF's exit on track to completion by the...
Veralto Acquires Minority Stake in Axine Water Technologies
Veralto Acquires Minority Stake in Axine Water Technologies
Nov 13, 2024
09:37 AM EST, 11/13/2024 (MT Newswires) -- Veralto ( VLTO ) said Wednesday it has acquired a minority stake in Axine Water Technologies, a provider of industrial wastewater treatment technology, for about $15 million. Veralto ( VLTO ) said the minority stake includes a commercial agreement in North America with its Trojan Technologies business aimed at increasing Axine's customer reach,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved