Liquidia Corporation (NASDAQ:LQDA) Q4 2023 Earnings Call Transcript

We’re very encouraged right now by the current enrollment rates that we’re seeing. As you know, we enrolled our first patient to the mid to end of December of 2023, and we anticipate that we’ll complete enrollment up to 60 patients by the end of this year. So, we look forward to sharing some snapshots of that data in future meetings that are coming up shortly. Roger?

Roger Jeffs: Thank you, Rajeev. And I think, Kambiz, it’s a great question. I think the other thing again, why this data is important, and I think when you look at the data that’s – some of the data that’s been published on United Therapeutics is Tyvaso DPI, particularly the data out of the National Jewish Center, Colorado, you can see that there’s been some difficulty with the DPI in at least their single center patient population, where there was about 60% of their patients dropped off between three and six months, whether or not they were naïve to prostacyclins or transitioned previously from nebulized. And I think the other thing that’s interesting to us is that there’s still a retained 40% population of nebulized patients.

I think when UTHR launched a few years ago, the assumption was that they would convert that entire market quite quickly to Tyvaso DPI. So, that’s not happened. So, the question is why, and we think it may be for the inability to dose those patients to good clinical effect, which we’re trying to solve for with YUTREPIA. So, if this data bears out the way we think it will, then that will certainly auger that this is the best-in-class therapy and first-in-choice therapy. Next question, please.

Operator: I’m showing no further questions, and I’d like to hand the conference back over to Roger Jeffs for further remarks.

Roger Jeffs: Great. Thanks, operator. So, with no further questions, again, we thank you for joining us today. My sincere hope is that the next time we address you on the earnings call, Liquidia will be providing to patients what we feel is the preferred product for inhaled Treprostinil, and it will come at a critical time as the market for inhaled Treprostinil rapidly expands. Thank you and have a good day.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.