Release Date: November 18, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Jonathan, could you elaborate on the accelerated approval process for NRX-101 and the expected timeline for PDUFA dates for both NRX-101 and NRX-100? A: Accelerated approval is granted when a drug shows an important intermediate endpoint but lacks long-term efficacy data. For NRX-101, we have shown reductions in suicidality and akathisia, which are critical endpoints. We expect PDUFA dates for both NRX-101 and NRX-100 in 2025.
Q: Can you discuss the strategy for building a national network of precision psychiatry clinics through Hope Therapeutics? A: We aim to acquire clinics that integrate ketamine, TMS, and psychiatric management. Some clinics have signed letters of intent to be acquired, supporting our business model. We focus on clinics that provide comprehensive care rather than those offering a mix of unrelated services.
Q: Michael, could you provide insights into the revenue projections and profitability for the upcoming year? A: The revenue build is based on acquiring clinics that meet our model and their profitability. The numbers are promising, and with the addition of NRX-100 and NRX-101, we expect to see significant growth. Execution is key to achieving these projections.
Q: Are there challenges in finding precision psychiatry clinics at reasonable valuations, and have you considered building clinics from scratch? A: There are not enough clinics that meet our model, so we may acquire clinics that partially fit and enhance them or build new ones. We have capital available for both strategies and will be opportunistic in our approach.
Q: Regarding revenue recognition, how will you handle it post-acquisition of clinics? A: Revenue recognition is complex and will be handled in compliance with GAAP and in consultation with our auditors. We will provide complete and accurate disclosures when we discuss it publicly.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.