TFF Pharmaceuticals Inc. (TFFP) Tops Q1 EPS by 4c

TFF Pharmaceuticals Inc. (NASDAQ: TFFP) reported Q1 EPS of ($0.20), $0.04 better than the analyst estimate of ($0.24).

“This has been another quarter of major accomplishment for TFF Pharmaceuticals,” said Glenn Mattes, President and CEO of TFF Pharmaceuticals. “We’ve maintained the clinical momentum behind our two lead programs, Voriconazole Inhalation Powder, the first clinical study ever in healthy subjects of a direct-to-lung, Thin Film Freezing (TFF) dry-powder formulation, and Tacrolimus Inhalation Powder for use in solid organ transplants, despite a challenging clinical trial environment due to the Covid-19 pandemic.”

“And importantly, this quarter we’ve further validated the broad potential of our Thin Film Freezing platform technology, in ways we might not have imagined even just months ago,” said Mattes.

“To help meet the challenge of the global pandemic, our Thin Film Freezing technology has the potential to be able to repurpose and better deliver existing approved drugs that may have therapeutic potential against the SARS-CoV-2 virus,” continued Mattes. “We are actively engaged with several leading research institutions, as well as a number of biopharmaceutical companies, to study the incorporation of our technology with vaccines and anti-virals with the goal of providing more effective real-world delivery capabilities. And today, we are announcing an initial collaboration with one of the country’s industry leaders, PLUS Products, Inc. to develop an entirely new delivery modality for cannabinoid products using our TFF technology.”

“We believe TFF Pharmaceutical’s unique ability to rapidly investigate, prototype and develop a wide variety of compounds using our technology allows us to be nimble in responding to market conditions and to be able to take advantage of opportunities as they arise,” concluded Mattes.

For earnings history and earnings-related data on TFF Pharmaceuticals Inc. (TFFP) click here.

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