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Jason Adair, the Chief Business Officer of Liquidia Corp (NASDAQ:LQDA), recently executed a series of stock transactions, as disclosed in a recent SEC filing. On January 14, 2025, Adair sold 4,809 shares of Liquidia's common stock at an average price of $11.78 per share, amounting to a total sale value of approximately $56,650. The transaction comes as Liquidia, currently valued at $967 million, trades near its InvestingPro Fair Value, with analysts setting price targets between $17 and $31.
These shares were sold to cover taxes associated with the settlement of restricted stock units (RSUs) initially granted to him in previous years. Following this transaction, Adair continues to hold 180,215 shares of Liquidia's common stock. According to InvestingPro analysis, the company maintains a FAIR financial health score, with two analysts recently revising earnings estimates upward. Discover 8 more exclusive ProTips and comprehensive financial analysis with an InvestingPro subscription.
Additionally, on January 11, 2025, Adair acquired 61,895 performance stock units (PSUs), which will vest based on a combination of time-based milestones and the first commercial sale of YUTREPIA by Liquidia.
In other recent news, Liquidia Corporation reported a rise in Q3 revenue to $4.4 million, up from $3.7 million in the same quarter of the previous year. Despite a net loss of $23.2 million, the firm's strong cash position, with $204.4 million in reserves, sets a solid foundation for upcoming ventures. Notably, the company is gearing up for the anticipated launch of YUTREPIA, an inhaled treatment for pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease, following the expiration of TYVASO DPI's exclusivity in May 2025.
In addition to these developments, Liquidia is also advancing the development of its next-generation product, L606. A pivotal study for this product is expected to start in the first half of 2025, with a projected enrollment of 300 to 400 patients globally. The company has also expanded its partnership with Pharmosa for the development of a next-generation nebulizer, expected to enhance drug delivery for L606.
These are the recent developments in the company, as Liquidia Corporation continues to focus on bringing innovative treatments to patients with pulmonary hypertension. The company's financial health and strategic partnerships, combined with the advancement of YUTREPIA and L606, suggest a robust approach to meeting the needs of patients and healthcare providers alike.
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