Patent Lawsuit OutcomeThe U.S. District Court for the District of Delaware found that Cinvanti patents were valid and infringed upon by Fresenius, which is a significant positive for HRTX as it eliminates the threat of a potential near-term generic Cinvanti launch.
Product DevelopmentFDA approved HRTX's application for a new product presentation of Zynrelef that includes a vial access needle (VAN), designed to address adoption hurdles by simplifying and significantly reducing product withdrawal time from the vial.
Sales ForecastHRTX is confident in a significant bounce-back with 4Q sales of $37MM-$43MM and positive adjusted EBITDA.