Welcome to our dedicated page for Heron Therapeutics news (Ticker: HRTX), a resource for investors and traders seeking the latest updates and insights on Heron Therapeutics stock.
Heron Therapeutics, Inc. (Nasdaq: HRTX) is a commercial-stage biotechnology company whose news flow is closely tied to its acute care and oncology supportive care portfolio. The company regularly issues updates on its marketed products ZYNRELEF, APONVIE, CINVANTI, and SUSTOL, as well as financial and corporate developments that affect HRTX stock.
On this page, readers can follow HRTX news related to quarterly and annual financial results, net revenue trends by product, and guidance updates disclosed in earnings press releases. Heron’s announcements often break out performance for its Acute Care franchise, which includes ZYNRELEF for postoperative pain and APONVIE for prevention of postoperative nausea and vomiting in adults, and its Oncology franchise, which includes CINVANTI and SUSTOL for prevention of chemotherapy-induced nausea and vomiting.
Company news also covers regulatory and clinical milestones for Heron’s products. Examples from past releases include FDA approvals and label expansions for ZYNRELEF in various soft tissue and orthopedic surgical procedures, and recognition of APONVIE in consensus guidelines for the management of postoperative nausea and vomiting. These items help investors and clinicians track how product indications and clinical positioning evolve over time.
In addition, Heron reports capital markets and governance events through press releases and corresponding SEC filings. Recent topics have included comprehensive capital restructuring, new credit facilities and convertible note transactions, adoption of a Tax Benefit Preservation Plan to protect net operating loss carryforwards, and Board-level changes such as cooperation agreements with investors and director appointments. For users monitoring HRTX, this news feed offers a consolidated view of operational, financial, regulatory, and governance developments that the company has publicly disclosed.
Heron Therapeutics (Nasdaq: HRTX) announced significant changes to its commercial leadership on April 20, 2023. Jason Grillot will take over as Vice President of Sales and Marketing, Acute Care, starting April 24, 2023. Grillot has over 20 years of experience in hospital sales, most recently with CHIESI USA. Meanwhile, John Poyhonen and Michael Mathews will depart from their roles by April 30, 2023. CEO Craig Collard will supervise the commercial team post-departures. The company aims to enhance its acute care franchise, focusing on the potential of its products ZYNRELEF and APONVIE to address postoperative pain and nausea. As part of his compensation, Grillot will receive options for 350,000 shares of common stock. Heron continues to develop innovations in patient care within the biotechnology sector.
Heron Therapeutics (NASDAQ: HRTX) announced that CEO Craig Collard will participate in a fireside chat at the 22nd Annual Needham Virtual Healthcare Conference on April 20, 2023, at 11:45 AM ET. The conference, held from April 17-20, will be virtual, allowing broader access for investors and stakeholders. A live webcast of the event will be available on Heron's website in the Investor Resources section. Heron Therapeutics is focused on developing innovative treatments for unmet patient needs in oncology and acute care, highlighting the company’s commitment to advancing the standard of care. Further details can be accessed through their official website.
Heron Therapeutics (NASDAQ: HRTX) announced the appointment of Craig Collard as the new Chief Executive Officer, effective immediately. He succeeds Barry Quart, who has stepped down from both the CEO and Chairman roles. Adam Morgan has been elected as the new Chairman of the Board. Collard brings over 30 years of experience in the pharmaceutical industry, having previously led Veloxis Pharmaceutics. This leadership change is aimed at enhancing the company's focus on commercialization in acute care and oncology products. The board has committed to strong corporate governance by separating the roles of CEO and Chairman, while also reducing the board's size to seven members.
Heron Therapeutics reported a 25% growth in annual net product sales, reaching $107.7 million in 2022. The company launched APONVIE in March 2023 and saw fourth-quarter sales of ZYNRELEF rise 44% to $3.9 million. Notably, oncology care franchise sales increased by 17% to $97.5 million. Although net loss narrowed to $19.9 million in Q4 2022 from $54.6 million in Q4 2021, cash reserves decreased to $84.9 million from $157.6 million. Heron expects ongoing growth in 2023, projecting oncology care sales between $99 million and $103 million.
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