Trevi Therapeutics reports Q2 net loss $7.3M
As of June 30, Trevi reported total cash and cash equivalents of $71.4M, compared to $7.2M as of December 31, 2018. Trevi believes this cash position will fund operations through the end of 2020. "We are pleased with the progress we made during the first half of 2019 advancing the development of nalbuphine ER and positioning Trevi for several important clinical milestones later this year and in 2020," said Jennifer Good, president and CEO of Trevi Therapeutics. "We remain on track to report top-line data from both our Phase 2b/3 PRISM trial of nalbuphine ER in patients with prurigo nodularis and from our Phase 2 trial of nalbuphine ER for the treatment of chronic cough in patients with idiopathic pulmonary fibrosis (IPF) in the first half of 2020. In addition, we remain on track to report data from our Phase 1b liver study of nalbuphine ER and initiate our Phase 2 study of nalbuphine ER for the treatment of levodopa-induced dyskinesia (LID) in patients with Parkinson's disease in the second half of 2019."