Brief: Trevena Reports First Quarter 2023 Results And Provides Business Update

Trevena

15/05/2023 12:10

May 15 (Reuters) - Trevena Inc  TRVN.O :
    * TREVENA REPORTS FIRST QUARTER 2023 RESULTS AND PROVIDES
BUSINESS
UPDATE
    * TREVENA INC - EXPECTS TO RECEIVE ADDITIONAL $15 MILLION
NON-DILUTIVE TRANCHE FROM R-BRIDGE UPON FIRST COMMERCIAL SALE OF
OLINVYK IN CHINA
    * TREVENA - BELIEVES CASH, CASH EQUIVALENTS, MARKETABLE
SECURITIES
AS OF MARCH 31, TO BE SUFFICIENT TO FUND OPERATIONS THROUGH
YEAR-END 2023
    * TREVENA INC QTRLY NET LOSS PER SHARE OF COMMON STOCK,
BASIC AND
DILUTED $0.81

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