On September 05, 2023 Theratechnologies Inc. ("Theratechnologies" or the "Company") (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, reported that the Company expects to report positive adjusted EBITDA1 for its third quarter ended August 31, 2023 (Press release, Theratechnologies, SEP 5, 2023, View Source [SID1234635018]). Additionally, as at August 31, 2023, Theratechnologies estimates that its cash, bonds and money market funds, stood at US$22.9 million.

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"Theratechnologies’ commitment to investors at the beginning of 2023 has been to remain steadfast in delivering on key financial objectives, particularly to achieve positive adjusted EBITDA by the end of the current fiscal year," said Philippe Dubuc, Senior Vice President and Chief Financial Officer at Theratechnologies. "With second quarter headwinds firmly behind us, we are pleased to announce these positive results in advance of our upcoming earnings call and look forward to sharing our complete financial results."

The Company is in the process of preparing its third quarter 2023 financial results and currently expects to release financial results and accompanying documents before the end of September. Earnings conference call details will be shared closer to this date.