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Iterum Therapeutics PLC

Iterum Therapeutics PLC (ITRM)

1.43
-0.03
(-2.05%)
Closed April 18 4:00PM
1.43
0.00
( 0.00% )
Pre Market: 4:00AM

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Key stats and details

Current Price
1.43
Bid
1.42
Ask
1.48
Volume
140
0.00 Day's Range 0.00
0.622 52 Week Range 2.64
Market Cap
Previous Close
1.43
Open
-
Last Trade
80
@
1.42
Last Trade Time
05:39:49
Financial Volume
-
VWAP
-
Average Volume (3m)
659,830
Shares Outstanding
13,435,388
Dividend Yield
-
PE Ratio
-0.44
Earnings Per Share (EPS)
-3.25
Revenue
503k
Net Profit
-43.67M

About Iterum Therapeutics PLC

Iterum Therapeutics PLC is a pharmaceutical company. The company is engaged in developing and commercializing sulopenem to be the first and only oral and intravenous branded penem available globally. Its sulopenem program has the potential to offer a solution to the problem of antibiotic resistance ... Iterum Therapeutics PLC is a pharmaceutical company. The company is engaged in developing and commercializing sulopenem to be the first and only oral and intravenous branded penem available globally. Its sulopenem program has the potential to offer a solution to the problem of antibiotic resistance and the toxicity limitations of existing agents. Show more

Sector
Pharmaceutical Preparations
Industry
Pharmaceutical Preparations
Headquarters
Chicago, Illinois, USA
Founded
1970
Iterum Therapeutics PLC is listed in the Pharmaceutical Preparations sector of the NASDAQ with ticker ITRM. The last closing price for Iterum Therapeutics was $1.43. Over the last year, Iterum Therapeutics shares have traded in a share price range of $ 0.622 to $ 2.64.

Iterum Therapeutics currently has 13,435,388 shares outstanding. The market capitalization of Iterum Therapeutics is $19.21 million. Iterum Therapeutics has a price to earnings ratio (PE ratio) of -0.44.

ITRM Latest News

US Stock Futures Stable in Pre-Market On Path for Consecutive Quarterly Gains, Oil Prices Rise

U.S. index futures are nearly unchanged in pre-market trading this Thursday. The indexes are on track to close the second consecutive quarter with positive outcomes, in addition to marking the...

Iterum Therapeutics Reports Fourth Quarter and Full Year 2023 Financial Results

--Resubmission of NDA On Track for Early Q2 24— --Cash Runway into 2025, including through Potential FDA Approval in Early Q4 24-- --Company to host conference call today at 8:30amET-- DUBLIN...

Iterum Therapeutics to Report Fourth Quarter and Full Year 2023 Financial Results on March 28, 2024

DUBLIN, Ireland and CHICAGO, March 21, 2024 (GLOBE NEWSWIRE) -- Iterum Therapeutics plc (Nasdaq: ITRM) (the Company), a clinical-stage pharmaceutical company focused on developing next...

Iterum Therapeutics to Participate in H.C. Wainwright Virtual @Home Fireside Chat

DUBLIN, Ireland and CHICAGO, March 15, 2024 (GLOBE NEWSWIRE) -- Iterum Therapeutics plc (Nasdaq: ITRM) (Iterum), a clinical-stage pharmaceutical company focused on developing next-generation...

Iterum Therapeutics Provides Business Update

Resubmission of NDA is On Track for First Half of Q2 24 Extended Cash Runway into 2025 DUBLIN, Ireland and CHICAGO, March 06, 2024 (GLOBE NEWSWIRE) -- Iterum Therapeutics plc (Nasdaq: ITRM...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.19-11.72839506171.621.64711.42968631.49596238CS
4-0.14-8.917197452231.571.931.421575611.66697743CS
12-0.26-15.38461538461.692.641.21976598301.56616619CS
260.7265103.2693674480.70352.640.6223894861.60137698CS
520.2319.16666666671.22.640.6222153481.54394756CS
1560.3734.90566037741.063.13050.17525436700.98791842CS
260-6.75-82.51833740838.188.460.17534754431.34977013CS

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ITRM Discussion

View Posts
glenn1919 glenn1919 2 weeks ago
ITRM.............................................https://stockcharts.com/h-sc/ui?s=ITRM&p=W&b=5&g=0&id=p86431144783
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exwannabe exwannabe 2 weeks ago
Hopefully some bad news for Utility Therapeutics' pivmecillinam has leaked. They are a direct competitor and up for an FDA decision in a couple weeks. The FDA could very well send them the same letter they sent ITRM, one P3 trial is not enough.

Will know by end of the month.

Of course the move could just be specs getting in ahead of the quasi binary. I doubt it is anybody who knows anything of ITRMs partner/buyout negotiations as that would move the needle harder (more volume).
👍️ 1
Tagus Tagus 2 weeks ago
Looking good here!
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velcro velcro 3 weeks ago
Looks like wait and see if this actually gets done.
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Monksdream Monksdream 3 weeks ago
ITRM under $2
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Monksdream Monksdream 4 weeks ago
Thank you, sir, for the update
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velcro velcro 4 weeks ago
Annual Report on Thursday, March 28, before market opens.
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Monksdream Monksdream 1 month ago
ITRM 10Q due March 13
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glenn1919 glenn1919 1 month ago
ITRM...................................https://stockcharts.com/h-sc/ui?s=ITRM&p=W&b=5&g=0&id=p86431144783
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velcro velcro 2 months ago
--HC Wainwright Upgrades Iterum Therapeutics to Buy From Neutral, Price Target is $6
12:46 PM ET, 02/07/2024 - MT Newswires
12:46 PM EST, 02/07/2024 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
👍️ 1
exwannabe exwannabe 3 months ago
Why the huge up swings and heavy reversals?
Microcap bio while digesting news.

I am bit surprised the PPS has not reacted better. The results are solid wrt approval.

On the commercial side the results we have not yet seen are important. The entire patient population includes patients who should respond well to both drugs (the m-MITT population) and patients who might not (non m-MITT) . The results presented only the former (per the agreed SPA with the FDA). But commercially the full trial (ITT) matters.

On the non- m-MITT patients all they have is disclosed is not stat sig due to insufficient patients. That to me implies it trended positive, but not much. If so, then we know the full trial was decent, though almost certainly not stat sig as they would have PR'd that.

They do not need stat sig on the ITT to gain approval. They do need it for the label to reflect the use. And that is the commercial issue which is offsetting the approval news and causing the choppy PPS, IMO.
👍️ 1
Tagus Tagus 3 months ago
Like the company especially since wife is suffering from UTI> Why the huge up swings and heavy reversals?
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ncstrongman ncstrongman 3 months ago
As always timing is everything. I don’t feel terrible buying in at 1.72 today.
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TheFinalCD TheFinalCD 3 months ago
1.75 YIKE$
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subslover subslover 3 months ago
WHOOPS!!!!!! Someone left the water running
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subslover subslover 3 months ago
Hahahaha I'm jumping in LOL :)
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TheFinalCD TheFinalCD 3 months ago
2.22 KERPLUNK~!
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subslover subslover 3 months ago
As of October 31, 2023, the registrant had 13,050,007 ordinary shares, $0.01 par value per share, outstanding.
👍️ 1
TheFinalCD TheFinalCD 3 months ago
https://finviz.com/quote.ashx?t=ITRM&ty=c&ta=1&p=d

https://dilutiontracker.com/app/search/ITRM
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subslover subslover 3 months ago
Iterum Therapeutics Announces Positive Topline Results from its Phase 3 REASSURE Clinical Trial of Oral Sulopenem in Uncomplicated Urinary Tract Infections
Phase 3 REASSURE Trial Met Primary Endpoint of Non-Inferiority to Augmentin®; Demonstrated Statistical Superiority

Re-submission of NDA to FDA Expected in Q2 2024

Potential to be First Oral Penem Approved in the U.S.

Management to host a conference call at 8:30 a.m. ET today

DUBLIN and CHICAGO, Jan. 30, 2024 /PRNewswire/ -- Iterum Therapeutics plc (Nasdaq: ITRM) (Iterum), a clinical-stage pharmaceutical company focused on developing next-generation oral antibiotics to treat infections caused by multi-drug resistant pathogens in community settings, today announced positive topline results from its REASSURE (REnewed ASsessment of Sulopenem in uUTI caused by Resistant Enterobacterales) Phase 3 clinical trial comparing oral sulopenem (sulopenem etzadroxil combined with probenecid in a bilayer tablet) to oral Augmentin® (amoxicillin/clavulanate) in adult women with uncomplicated urinary tract infections (uUTIs).

"We are very pleased to announce positive data from this confirmatory trial, which was conducted under special protocol assessment (SPA) agreement with the U.S. Food and Drug Administration (FDA)," said Corey Fishman, Iterum's Chief Executive Officer. "With the positive data from this trial, we plan to resubmit our New Drug Application (NDA) for oral sulopenem for the treatment of uUTI in the second quarter of 2024. At the same time, with these results in hand, we will be focusing on a strategic process to sell, license, or otherwise dispose of our rights to sulopenem with the goal of maximizing value for our stakeholders. We believe there is tremendous value in sulopenem as a potential new, oral antibiotic for the uUTI indication which has over 30 million infections annually in the U.S., rising resistance to all currently prescribed oral antibiotics, and a complete lack of new product innovation over the last 20 years."

Results demonstrate that oral sulopenem was non-inferior to Augmentin® with respect to the trial's primary endpoint, overall response (combined clinical cure plus microbiologic eradication) at the test-of-cure (TOC) visit in the microbiological-modified-intent-to-treat susceptible (m-MITTS) population. Oral sulopenem showed overall success in 61.7% of patients compared to 55.0% for Augmentin®, demonstrating statistically significant superiority of oral sulopenem versus Augmentin®.

The table below summarizes the key efficacy data from the REASSURE trial at the TOC visit:


Sulopenem/probenecid500 mg/500 mgBIDN=480n (%)

Augmentin® (Amoxicillin/clavulanate)875 mg/125 mgBIDN=442n (%)

Treatment Differencei (95% CI)

Overall Responseii

296 (61.7)

243 (55.0)

6.7 (0.3, 13.0)

Clinical Successiii

371 (77.3)

339 (76.7)

0.6 (-4.8, 6.1)

Microbiological Successiv

361 (75.2)

295 (66.7)

8.5 (2.6, 14.3)





Difference in oral sulopenem versus Augmentin® in the m-MITTS population

[ii]

Combined clinical and microbiological success (primary endpoint)

[iii]

Clinical success at TOC = symptom resolution + no new uUTI symptoms

[iv]

Eradication of qualifying uropathogen to
👍️ 2
MasterBlastr MasterBlastr 4 months ago
They are probably a little ways off from approval, and ramping up delivery, etc. So I think there will need to be a raise, until something else happens, like a partnership, or takeover, or buyout. I haven't heard anything.
🇮🇩 1 🇮🇴 1 🇮🇹 1 👎️ 1 🤡 1
velcro velcro 4 months ago
Anticipation of issuing more shares???
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swanlinbar swanlinbar 4 months ago
$ITRM >Iterum Therapeutics Regains Compliance with Nasdaq Bid Price Rule
December 04 2023 - 08:00AM

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Iterum Therapeutics plc (Nasdaq: ITRM) (the “Company”), a clinical-stage pharmaceutical company focused on developing next generation oral and IV antibiotics to treat infections caused by multi-drug resistant pathogens in both community and hospital settings, today announced that it has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule") for continued listing on The Nasdaq Capital Market.
The Company was previously notified on September 26, 2023, that it was not in compliance with the Bid Price Rule because its ordinary shares failed to meet the closing bid price of $1.00 or more for 30 consecutive business days. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided with 180 calendar days, or until March 25, 2024, to regain compliance. To regain compliance with the Bid Price Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on November 30, 2023, the tenth consecutive trading day when the closing bid price of the Company's ordinary shares was over $1.00.

About Iterum Therapeutics plc

Iterum Therapeutics plc is a clinical-stage pharmaceutical company dedicated to developing differentiated anti-infectives aimed at combatting the global crisis of multi-drug resistant pathogens to significantly improve the lives of people affected by serious and life-threatening diseases around the world. Iterum Therapeutics is advancing its first compound, sulopenem, a novel penem anti-infective compound, in Phase 3 clinical development with an oral formulation and IV formulation. Sulopenem has demonstrated potent in vitro activity against a wide variety of gram-negative, gram-positive and anaerobic bacteria resistant to other antibiotics. Iterum Therapeutics has received Qualified Infectious Disease Product (QIDP) and Fast Track designations for its oral and IV formulations of sulopenem in seven indications.

Investor Contact:
Judy Matthews
Chief Financial Officer
312-778-6073
IR@iterumtx.com



Primary Logo
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swanlinbar swanlinbar 5 months ago
ITRM insider buy > https://ir.iterumtx.com/sec-filings#document-855-0001209191-23-056685

https://ir.iterumtx.com/sec-filings#document-854-0001209191-23-056092
👍️ 1
swanlinbar swanlinbar 5 months ago
https://stockcharts.com/h-sc/ui?s=ITRM">https://stockcharts.com/h-sc/ui?s=ITRM" />
👍️ 1
swanlinbar swanlinbar 5 months ago
$ITRM Buying Continues to come in, something Good is in the Works glta
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velcro velcro 5 months ago
Will they need more cash for production development? Don't rule out a buyout by Big Pharma.
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swanlinbar swanlinbar 5 months ago
ITRM>Iterum Therapeutics plc (NASDAQ:ITRM) Q3 2023 Earnings Call Transcript November 14, 2023
https://finance.yahoo.com/news/iterum-therapeutics-plc-nasdaq-itrm-172208812.html
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velcro velcro 5 months ago
The stock price has doubled on much, much larger volume.
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exwannabe exwannabe 5 months ago
The only answer I can come up with is that they have good terms on a financing deal to get them through TLD on the trial.

Zero chance that this is a squeeze.

And virtually zero chance that it is a trial leak. The trial outcome is reasonably expected to be a success, so even if the news leaked it would not be big.
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Monksdream Monksdream 5 months ago
ITRM new 52 week high
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velcro velcro 5 months ago
Assume it's a mini-short squeeze with the management news of an advance in testing. Early 2024 hoping for successful news.
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madras50 madras50 5 months ago
anyone know what the deal with the pop is?
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velcro velcro 5 months ago
No news today and the Volume is 10 times the 10 day average.
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Spacedust Spacedust 5 months ago
Let’s go! This stock is going up
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swanlinbar swanlinbar 10 months ago
$ITRM > Iterum Therapeutics to Present Data at ASM Microbe 2023
June 12 2023 - 06:23PM
GlobeNewswire Inc.
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Iterum Therapeutics plc (Nasdaq: ITRM) (the Company), a clinical-stage pharmaceutical company focused on developing next generation oral and IV antibiotics to treat infections caused by multi-drug resistant pathogens in both community and hospital settings, today announced that three posters will be presented at ASM Microbe 2023 conference.
The hybrid conference will be held from June 15-19 at the George R. Brown Convention Center in Houston, TX.

Data to be presented include:

Presentation title: ß-Lactamase Characterization of Baseline Enterobacterales Pathogens from a Phase 3 Trial of Sulopenem for the Treatment of Uncomplicated Urinary Tract Infection

Presentation type/category: P002-AAR01 Surveillance of antimicrobial resistance in clinical isolates; ß-lactamases (AAR-Friday-410)
Presenter: Steven I. Aronin, MD
Time/location: June 16, 2023, 10:00 a.m. – 5:00 p.m. CDT; Exhibit and Poster Hall B, C, D

Presentation title: ß-Lactamase Characterization of Baseline Enterobacterales Pathogens from a Phase 3 Trial of Sulopenem for the Treatment of Complicated Urinary Tract Infection

Presentation type/category: P002-AAR01 Surveillance of antimicrobial resistance in clinical isolates; ß-lactamases (AAR-Friday-417)
Presenter: Sailaja Puttagunta, MD
Time/location: June 16, 2023, 10:00 a.m. – 5:00 p.m. CDT; Exhibit and Poster Hall B, C, D

Presentation title: ß-Lactamase Characterization of Baseline Enterobacterales Pathogens from a Phase 3 Trial of Sulopenem for the Treatment of Complicated Intraabdominal Infection

Presentation type/category: P002-AAR01 Surveillance of antimicrobial resistance in clinical isolates; ß-lactamases (AAR-Friday-401)
Presenter: Sailaja Puttagunta, MD
Time/location: June 16, 2023, 10:00 a.m. – 5:00 p.m. CDT; Exhibit and Poster Hall B, C, D

These Posters will be made available on the Company’s website on the “Publications: Posters & Presentations” page under the “Our Science” tab once the conference ends.

About Iterum Therapeutics plc

Iterum Therapeutics plc is a clinical-stage pharmaceutical company dedicated to developing differentiated anti-infectives aimed at combatting the global crisis of multi-drug resistant pathogens to significantly improve the lives of people affected by serious and life-threatening diseases around the world. Iterum Therapeutics is advancing its first compound, sulopenem, a novel penem anti-infective compound, in Phase 3 clinical development with an oral formulation and IV formulation. Sulopenem has demonstrated potent in vitro activity against a wide variety of gram-negative, gram-positive and anaerobic bacteria resistant to other antibiotics. Iterum Therapeutics has received Qualified Infectious Disease Product (QIDP) and Fast Track designations for its oral and IV formulations of sulopenem in seven indications.

Investor Contact:
Judy Matthews
Chief Financial Officer
312-778-6073
IR@iterumtx.com
👍️0
swanlinbar swanlinbar 10 months ago
ITRM > Dear Iterum Therapeutics plc Shareholder,



You are cordially invited to our Extraordinary General Meeting of Shareholders (“EGM”) to be held at 3 Dublin Landings, North Wall Quay, Dublin 1, Ireland on August 1, 2023 at 3.00 p.m., Irish time (10.00 a.m., Eastern Time).



The purpose of the EGM is to ask shareholders to grant the board of directors an updated power under Irish law to issue shares for cash without first having to offer those shares to existing shareholders under pre-emptive rights that would otherwise apply to the issuance. This pre-emption opt-out proposal is required as a matter of Irish law and is not otherwise applicable to the non-Irish, Nasdaq listed companies with which we compete. Receipt of this authority would merely place us on par with other Nasdaq-listed companies and provide us with the flexibility to undertake the capital raising that we believe may be necessary from time to time to allow us to continue to execute on our business plans and strategy.



The enclosed Notice of EGM and the accompanying proxy statement set forth more detail on the proposal that will be presented at the meeting. Our board of directors unanimously recommends a vote “FOR” Proposal No. 1 as set forth in the proxy statement.



We hope that you will participate in the meeting by voting through acceptable means as described in this proxy statement as promptly as possible. Your vote is important – so please exercise your right.

Sincerely,



____________________________

Corey N. Fishman

President and Chief Executive Officer
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velcro velcro 11 months ago
Someone knows something that ITRM is up 17 cents on large volume?
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exwannabe exwannabe 11 months ago
Interesting his ITRM release info about its drugs evaluation using DOOR when DOOR is not the approved endpoint evaluation. Be careful ; they are skilled at this deception.
The PR was very clear in stating DOOR is not an endpoint to be used in approvals. Further, it was about the previous trial data, and not the current trial that will determine if Sulopenam gets approved.

The point of the PR has to do with commercial value, not approvability. For antibiotics such as this, once approved it is still a marketplace battle. The PR is laying claim to marketplace value.

IMO, probably not going to be a blockbuster. But still will bring in solid cash if approved. And odds look decent.

Real issue here for investors is that they have over a year to go with the only possible news being a financing.
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pillskill pillskill 12 months ago
Interesting his ITRM release info about its drugs evaluation using DOOR when DOOR is not the approved endpoint evaluation. Be careful ; they are skilled at this deception.
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velcro velcro 1 year ago
Every day we're a little closer to FDA approval.
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swanlinbar swanlinbar 1 year ago
$ITRM some Insider Buying showing up !
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swanlinbar swanlinbar 1 year ago
$ITRM >Iterum Therapeutics Reports Fourth Quarter and Full Year 2022 Financial Results
March 16 2023 - 07:00AM
GlobeNewswire Inc.
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Iterum Therapeutics plc (Nasdaq: ITRM), a clinical-stage pharmaceutical company focused on developing next generation oral and IV antibiotics to treat infections caused by multi-drug resistant pathogens in both community and hospital settings, today reported financial results for the fourth quarter and year ended December 31, 2022.
“We made significant progress in 2022 to move the clinical development of oral sulopenem forward leading to a potential resubmission of our new drug application (“NDA”) next year,” said Corey Fishman, Iterum’s Chief Executive Officer. “Enrollment in our REASSURE trial, which is being conducted under a Special Protocol Assessment (“SPA”) agreement with the U.S. Food and Drug Administration (“FDA”), is expected to be completed in the first half of 2024.”

Highlights and Recent Events

Enrollment in REASSURE Clinical Trial Ongoing: Iterum began enrollment in its pivotal Phase 3 clinical trial, REASSURE (REnewed ASsessment of Sulopenem in uUTI caused by Resistant Enterobacterales), for the treatment of uncomplicated urinary tract infections (“uUTI”) in adult women in October 2022. Enrollment is ongoing and expected to be completed in the first half of 2024. An interim analysis at 50% patient enrollment is expected to occur in the second half of 2023. This trial is being conducted under a SPA agreement with the FDA. The SPA agreement provides that the design and planned analysis of the trial, as set out in the protocol submitted to the FDA, adequately addresses the objectives necessary to support the potential resubmission of Iterum’s NDA for oral sulopenem.
Two New U.S. Patents Issued: The United States Patent and Trademark Office has issued Iterum two new patents: 1) US Patent No. 11,478,428, directed to the composition of the bilayer tablet of sulopenem etzadroxil and probenecid (“oral sulopenem”) and its related uses, and 2) US Patent No. 11,554,112 directed to the method of use of oral sulopenem in treating multiple diseases, including uncomplicated urinary tract infections. These U.S. patents are scheduled to expire no earlier than 2039, excluding any additional term for patent adjustments or patent term extensions. Existing patent protection for sulopenem etzadroxil is scheduled to expire in 2029, subject to potential extension. Iterum’s patent portfolio also contains pending patent applications outside the U.S., including Europe and China, submitted following receipt of the Written Opinion of the International Search Authority indicating that several claims directed to the composition of the bilayer tablet of oral sulopenem are novel and inventive.
Shareholder Lawsuit Dismissed: On January 25, 2023, the putative class action lawsuit filed against Iterum, its Chief Executive Officer and Chief Financial Officer in the United States District Court for the Northern District of Illinois on August 5, 2021, was dismissed and cannot be brought back to court (dismissed with prejudice).
Fourth Quarter and Full Year 2022 Financial Results

Cash, cash equivalents and short-term investments were $60.8 million at December 31, 2022. Based on the current operating plan, Iterum expects that its current cash, cash equivalents and short-term investments will be sufficient to fund its operations until mid-2024. As of February 28, 2023, we had approximately 12.6 million ordinary shares outstanding.

Research and development (R&D) expenses for the fourth quarter and full year 2022 were $5.8 million and $17.6 million, respectively, compared to $3.7 million and $10.7 million for the same periods in 2021. The increase for the three-month period was primarily due to an increase in costs to support our REASSURE trial, which began enrollment in October 2022, partially offset by lower non-cash amortization of an intangible asset. The increase in R&D expenses for the full year was primarily due to the REASSURE trial, including an increase in headcount to support trial activities, partially offset by a decrease in consulting fees for R&D activities in 2022. Consulting fees for the year ending December 31, 2021 primarily related to consultants used during the FDA review of our NDA for oral sulopenem.

General and administrative (G&A) expenses for the fourth quarter and full year 2022 were $2.0 million and $12.8 million, respectively, compared to $3.1 million and $13.8 million for the same periods in 2021. The decrease for the three-month period was primarily due to a decrease in share-based compensation expense. The decrease for the full year period was primarily due to lower consulting fees used to support pre-commercialization activities versus the prior year, partially offset by an increase in compensation and headcount and an increase in legal fees associated with the lawsuit filed in August 2021 and dismissed with prejudice in January
2023.

Adjustments to the fair value of derivatives for the fourth quarter and full year 2022 were $3.0 million and $5.5 million, compared to $3.6 million and ($61.0) million for the same periods in 2021. The non-cash adjustment in the fourth quarter and full year 2022 primarily related to a decrease in the value of the derivative components associated with Iterum’s 6.500% Exchangeable Senior Subordinated Notes due 2025 (the “Exchangeable Notes”) as a result of a decrease in the price of its ordinary shares and market capitalization during the period. In addition, during the fourth quarter of 2022, a change in the discount rate impacted the fair value of the Limited Recourse Royalty-Linked Subordinated Notes (the “Royalty-Linked Notes”). The non-cash adjustment in the fourth quarter of 2021 primarily related to a decrease in the value of the derivative components associated with the Exchangeable Notes as a result of a decrease in the price of its ordinary shares and market capitalization during the period. The non-cash adjustment for the full year 2021 was largely due to the fair value adjustments recorded at the time of conversion of $39.2 million of the Exchangeable Notes in 2021.

Cancellation of share options for the full year 2022 was $17.4 million and related to the non-cash charge in connection with employee share options that were surrendered and cancelled in July 2022.

Net loss for the fourth quarter and full year 2022 was $5.1 million and $44.4 million, respectively, compared to a net loss of $4.2 million and $91.6 million for the same periods in 2021. Non-GAAP1 net loss for the fourth quarter and full year 2022 of $6.4 million and $22.9 million, respectively, compared to a non-GAAP1 net loss of $3.3 million and $19.4 million for the same periods in 2021.

Conference Call Details

Iterum will host a conference call today, Thursday, March 16, 2023 at 8:30 a.m. Eastern Time. The dial-in information for the call is as follows: United States: 1 844 200 6205; International: 1 929 526 1599; Access code: 846586
About Iterum Therapeutics plc
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Harbor6460 Harbor6460 1 year ago
All niotech went up. And same reset. Its all a joke
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velcro velcro 1 year ago
Stock price creeping consistently up the last 3 weeks. Not many selling cheap.
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swanlinbar swanlinbar 1 year ago
$ITRM starting the New Year off right!
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velcro velcro 1 year ago
After Hours, someone buys a few shares at a much higher price.
Just start doing it during regular trading hours.
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swanlinbar swanlinbar 1 year ago
$ITRM >Iterum Therapeutics announces Issuance of Allowance for a U.S. Patent Covering Oral Sulopenem
December 15 2022 - 08:00AM
GlobeNewswire Inc.
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Iterum Therapeutics plc (Nasdaq: ITRM) (the “Company” or “Iterum”), a clinical-stage pharmaceutical company focused on developing next generation oral and IV antibiotics to treat infections caused by multi-drug resistant pathogens in both community and hospital settings, today announced that the United States Patent and Trademark Office (“USPTO”) has issued Iterum a Notice of Allowance for U.S. patent application number 16/372,075 entitled “Combinations of Beta-Lactam Compounds and Probenecid and Uses Thereof” that covers the use of Iterum's candidate combination of sulopenem etzadroxil and probenecid in treating multiple diseases, including uncomplicated urinary tract infections.
“Following on from the patent recently issued by the USPTO directed to the composition of the bilayer tablet of sulopenem etzadroxil and probenecid (“oral sulopenem”) and its related uses, we are very pleased to strengthen our oral sulopenem patent estate further with the addition of this new patent which, when issued, will afford protection until at least 2039 and further enhance its commercial opportunity. If approved, oral sulopenem will be the first oral penem available in the United States,” said Corey Fishman, Chief Executive Officer. “Enrollment in our pivotal Phase 3 clinical trial for oral sulopenem for the treatment of uncomplicated urinary tract infections is ongoing, and we expect to provide an update following an interim analysis at 50% patient enrollment.”

This Notice of Allowance concludes the substantive examination of the patent application and will result in the issuance of a U.S. patent after administrative processes are completed. The U.S. patent scheduled to issue from this application will expire April 1, 2039, absent any extensions. The recently issued U.S. patent for oral sulopenem entitled “Combinations of Beta-Lactam Compounds and Probenecid and Uses Thereof” also expires in 2039, absent any extensions.

The Company’s patent portfolio also contains pending patent applications outside the U.S. including Europe and China, submitted following receipt of the Written Opinion of the International Search Authority indicating that several claims directed to the composition of the bilayer tablet of oral sulopenem are novel and inventive.

About Iterum Therapeutics plc

Iterum Therapeutics plc is a clinical-stage pharmaceutical company dedicated to developing differentiated anti-infectives aimed at combatting the global crisis of multi-drug resistant pathogens to significantly improve the lives of people affected by serious and life-threatening diseases around the world. Iterum Therapeutics is advancing its first compound, sulopenem, a novel penem anti-infective compound, in Phase 3 clinical development with an oral formulation and IV formulation. Sulopenem has demonstrated potent in vitro activity against a wide variety of gram-negative, gram-positive and anaerobic bacteria resistant to other antibiotics. Iterum Therapeutics has received Qualified Infectious Disease Product (QIDP) and Fast Track designations for its oral and IV formulations of sulopenem in seven indications.
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Dman3147 Dman3147 1 year ago
P.S. I don't see a merger to be a likely outcome.
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Dman3147 Dman3147 1 year ago
I believe this will lose compliance with tax loss selling. It will need something other than " third quarter of 2024" to regain . It's either a merger, another RS or a down grade to OTC. Does anyone have any valid info to change my pessimistic view?
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