Tarsus Pharmaceuticals, Inc. Stock Price, News & Analysis

Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) has initiated a Phase 2a clinical trial to study TP-03 (lotilaner ophthalmic solution, 0.25%) for Meibomian Gland Disease (MGD) associated with Demodex mites. MGD affects approximately 22 million Americans and currently has no FDA-approved treatments. TP-03 showed significant efficacy in prior pivotal trials for Demodex blepharitis, enrolling over 800 patients. Tarsus plans to submit a New Drug Application for TP-03 for blepharitis later this year, signaling a strong commitment to expanding eye care therapeutics.

Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) announced that its CEO, Bobak Azamian, will present a corporate update at the Jefferies 2022 Healthcare Conference on June 8, 2022, at 8:30 AM PT. The presentation will focus on the company's mission to address unmet medical needs through innovative treatments, particularly in eye care. Tarsus is advancing two investigational medicines: TP-03 for Demodex blepharitis and TP-05 for Lyme disease prevention. A live webcast and further details are available on Tarsus's website.

Tarsus Pharmaceuticals (NASDAQ: TARS) announced positive results from the Saturn-2 Phase 3 trial for TP-03, a treatment for Demodex blepharitis, achieving all primary and secondary endpoints. The company anticipates NDA submission in H2 2022 and expects a cash runway into at least 2026, supported by a recent $76 million public offering. Financial results for Q1 2022 showed a net loss of $20.2 million, down from a net income of $10.4 million in Q1 2021, with R&D expenses of $12.1 million. Cash, cash equivalents, and marketable securities totaled $175.3 million as of March 31, 2022.

Tarsus Pharmaceuticals has announced that Dr. Bobak Azamian, CEO, will present a corporate update at the Bank of America 2022 Healthcare Conference on May 11, 2022, at 12:00pm PT / 3:00pm ET. The presentation will cover the company's focus on unmet needs in patient care, particularly in eye care. A live webcast of the event will be available on the company's website, with a replay accessible within 48 hours. Tarsus is advancing two investigational medicines, TP-03 and TP-05, targeting Demodex blepharitis and Lyme disease prevention respectively.

Tarsus Pharmaceuticals (NASDAQ: TARS) presented findings from the Atlas Continuation study, highlighting the burden of Demodex blepharitis on patients' lives at the ARVO 2022 Annual Meeting. The research showcases the need for effective treatments, as current options are inadequate. Furthermore, Tarsus plans to submit a New Drug Application for its lead treatment, TP-03, which showed positive results in pivotal trials involving 833 patients. This investigational therapy targets Demodex mites, offering hope for millions suffering from this condition.

Tarsus Pharmaceuticals (NASDAQ: TARS) announced an upsized public offering of 5.6 million shares at $13.50 each, totaling approximately $75.6 million before discounts. The underwriters also received a 30-day option for an additional 840,000 shares. The offering is expected to close around May 5, 2022, subject to conditions. The shares will be sold by Tarsus under an effective shelf registration statement filed with the SEC. Tarsus focuses on innovative treatments in eye care and is advancing its pipeline of investigational drugs.

Tarsus Pharmaceuticals (NASDAQ: TARS) announced a $50 million public offering of its common stock, with underwriters receiving a 30-day option for an additional 15% of shares. The offering is reliant on market conditions and other factors, with no guarantee of completion or specified terms. BofA Securities, Jefferies, Barclays, and Raymond James are managing the offering, with preliminary documentation to be submitted to the SEC. Tarsus aims to utilize the proceeds to advance its therapies, including TP-03 for eye care and TP-05 for Lyme disease prevention.

Tarsus Pharmaceuticals announced positive results from the Saturn-2 Phase 3 trial of TP-03 (lotilaner ophthalmic solution, 0.25%) for treating Demodex blepharitis. The trial met its primary endpoint, with 56% of patients achieving complete collarette cure, compared to 13% on the vehicle. Secondary endpoints showed significant improvements in mite eradication and complete lid erythema cure. TP-03 also demonstrated a favorable safety profile. Tarsus plans to submit a New Drug Application to the FDA in the second half of 2022, potentially benefiting 25 million U.S. patients.

Tarsus Pharmaceuticals (NASDAQ: TARS) will host a webcast on May 2, 2022, at 5:00am PT to discuss the topline results from the Saturn-2 Phase 3 trial of TP-03 (lotilaner ophthalmic solution, 0.25%) for treating Demodex blepharitis. This trial is part of Tarsus's mission to revolutionize treatment in eye care with innovative therapies. In addition to TP-03, the company is advancing other investigational medicines targeting high unmet needs in eye care and infectious disease prevention. The webcast will be available for 90 days post-event.