Financial PerformanceFirst quarter trends are softer than expected, affected by typical seasonality factors such as holiday impact, a shortened month, and deductible resets.
Leadership ChangeCEO Terrie Curran has stepped down effective immediately as President and CEO and as a member of the Board of Directors, for personal reasons.
Patent Exclusivity ConcernsPHAT shares have been under significant pressure due to the uncertainty around Voquezna's patent exclusivity.