2024 Q1 Form 10-K Financial Statement

#000143853324000005 Filed on February 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $41.37M $45.06M $145.2M
YoY Change -27.41% -19.35% -31.5%
Cost Of Revenue $1.504M $4.564M $11.45M
YoY Change -70.65% 164.12% 50.82%
Gross Profit $39.87M $40.50M $133.8M
YoY Change -23.13% -25.2% -34.55%
Gross Profit Margin 96.36% 89.87% 92.12%
Selling, General & Admin $64.22M $52.73M $227.9M
YoY Change -11.1% -6.83% 3.48%
% of Gross Profit 161.08% 130.22% 170.32%
Research & Development $49.42M $58.75M $237.7M
YoY Change 558.93% 1.67% 3069.72%
% of Gross Profit 123.95% 145.08% 177.69%
Depreciation & Amortization $9.880M $11.85M $44.93M
YoY Change 3.51% 27.43% 35.83%
% of Gross Profit 24.78% 29.27% 33.58%
Operating Expenses $113.6M $123.3M $510.5M
YoY Change 42.51% 1.94% 124.21%
Operating Profit -$139.2M -$82.84M -$376.7M
YoY Change 59.96% 23.92% 41.33%
Interest Expense $2.800M $4.331M $10.43M
YoY Change -3.45% 1877.63% -7.66%
% of Operating Profit
Other Income/Expense, Net $3.470M $1.374M $1.594M
YoY Change 337.58% 57.57% -113.74%
Pretax Income -$135.8M -$88.53M -$376.1M
YoY Change 57.41% 34.62% 35.21%
Income Tax $191.0K $68.00K $223.0K
% Of Pretax Income
Net Earnings -$136.1M -$90.17M -$111.4M
YoY Change 57.6% 36.99% -60.0%
Net Earnings / Revenue -328.86% -200.12% -76.7%
Basic Earnings Per Share -$1.76 -$1.18 -$1.50
Diluted Earnings Per Share -$1.76 -$1.17 -$1.49
COMMON SHARES
Basic Shares Outstanding 76.10M shares 75.15M shares 74.27M shares
Diluted Shares Outstanding 77.14M shares 74.27M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $284.6M $566.9M $566.9M
YoY Change -35.38% 63.26% 25.9%
Cash & Equivalents $43.25M $58.18M $58.18M
Short-Term Investments $241.4M $508.7M $508.7M
Other Short-Term Assets $12.77M $19.34M $19.34M
YoY Change -15.67% 53.16% 53.16%
Inventory $42.31M $9.410M $9.410M
Prepaid Expenses
Receivables $22.70M $21.18M $21.18M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $481.1M $616.8M $616.8M
YoY Change -20.47% 26.79% 26.79%
LONG-TERM ASSETS
Property, Plant & Equipment $6.943M $25.54M $25.54M
YoY Change -23.93% 182.24% -15.01%
Goodwill $800.0K $800.0K
YoY Change -11.11% -11.11%
Intangibles $101.2M $104.4M
YoY Change -37.88% -27.99%
Long-Term Investments
YoY Change
Other Assets $19.30M $42.16M $42.16M
YoY Change 75.02% 281.11% 281.11%
Total Long-Term Assets $182.5M $172.1M $172.1M
YoY Change -10.26% -7.53% -7.53%
TOTAL ASSETS
Total Short-Term Assets $481.1M $616.8M $616.8M
Total Long-Term Assets $182.5M $172.1M $172.1M
Total Assets $663.5M $788.9M $788.9M
YoY Change -17.9% 17.3% 17.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.73M $41.68M $41.68M
YoY Change -0.01% 141.04% 141.04%
Accrued Expenses $139.6M $123.9M $123.9M
YoY Change 62.75% 29.41% 67.2%
Deferred Revenue $6.460M $7.096M
YoY Change -41.14% -40.75%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $173.2M $177.9M $177.9M
YoY Change 32.6% 25.14% 25.14%
LONG-TERM LIABILITIES
Long-Term Debt $377.7M $377.3M $377.3M
YoY Change 0.46% 0.46% 0.46%
Other Long-Term Liabilities $16.38M $32.93M $32.93M
YoY Change 80.62% 250.9% -70.6%
Total Long-Term Liabilities $16.38M $410.2M $410.2M
YoY Change 80.62% 4270.75% -15.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $173.2M $177.9M $177.9M
Total Long-Term Liabilities $16.38M $410.2M $410.2M
Total Liabilities $589.5M $588.1M $588.1M
YoY Change -4.78% -6.61% -6.61%
SHAREHOLDERS EQUITY
Retained Earnings -$1.262B -$1.126B
YoY Change 14.64% 10.98%
Common Stock $8.000K $7.000K
YoY Change 14.29% 16.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $74.07M $200.8M $200.8M
YoY Change
Total Liabilities & Shareholders Equity $663.5M $788.9M $788.9M
YoY Change -17.9% 17.3% 17.3%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$136.1M -$90.17M -$111.4M
YoY Change 57.6% 36.99% -60.0%
Depreciation, Depletion And Amortization $9.880M $11.85M $44.93M
YoY Change 3.51% 27.43% 35.83%
Cash From Operating Activities -$119.0M -$70.47M -$280.0M
YoY Change 46.71% 28.97% 50.31%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $5.529M $668.0K
YoY Change -100.0% 31.74% 249.74%
Acquisitions
YoY Change
Other Investing Activities $111.4M -$11.42M $0.00
YoY Change -1327.56% -64.85% -100.0%
Cash From Investing Activities $104.9M -$16.95M $55.78M
YoY Change -383.21% -53.81% -271.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$525.0K 122.0K $218.8M
YoY Change -100.24% -77.86% 86.06%
NET CHANGE
Cash From Operating Activities -$119.0M -70.47M -$280.0M
Cash From Investing Activities $104.9M -16.95M $55.78M
Cash From Financing Activities -$525.0K 122.0K $218.8M
Net Change In Cash -$14.93M -87.30M -$3.512M
YoY Change -114.97% -3.84% -96.63%
FREE CASH FLOW
Cash From Operating Activities -$119.0M -$70.47M -$280.0M
Capital Expenditures $0.00 $5.529M $668.0K
Free Cash Flow -$119.0M -$76.00M -$280.7M
YoY Change 45.58% 29.17% 50.52%

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AccruedRoyaltyInExcessOfMinimumPayableToSellers
16067000 usd
CY2021 tvtx Accrued Royalty In Excess Of Minimum Payable To Sellers
AccruedRoyaltyInExcessOfMinimumPayableToSellers
19362000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
DESCRIPTION OF BUSINESS<div style="margin-bottom:3pt;margin-top:12pt;text-align:justify"><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Organization and Description of Business</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Travere Therapeutics, Inc. (“we”, “our”, “us”, “Travere” and the “Company”) refers to Travere Therapeutics, Inc., a Delaware corporation, as well as its subsidiaries. Travere is a fully integrated biopharmaceutical company headquartered in San Diego, California focused on identifying, developing and delivering life-changing therapies to people living with rare kidney and metabolic diseases. The Company regularly evaluates and, where appropriate, acts on opportunities to expand its product pipeline through licenses and acquisitions of products in areas that will serve patients with serious </span><span style="background-color:#ffffff;color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">unmet medical need</span><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%"> and that the Company believes offer attractive growth characteristics.</span></div><div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#00497f;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Discontinued Operations - Sale of Bile Acid Product Portfolio</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">On July 16, 2023, Travere entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Mirum Pharmaceuticals, Inc. ("Mirum Pharmaceuticals" or “Mirum”), pursuant to which Mirum agreed to purchase from Travere substantially all of the assets primarily related to Travere’s business of development, manufacture (including synthesis, formulation, finishing or packaging) and commercialization of Chenodal and Cholbam (also known as Kolbam, and together with Chenodal, the “Products”), collectively, the "bile acid business". On August 31, 2023, the Company and Mirum consummated the transactions contemplated by the Purchase Agreement (the “Closing”). In connection with the Closing, Mirum paid Travere an upfront cash payment of $210.0 million. Pursuant to the Purchase Agreement, Travere is eligible to receive up to $235.0 million upon the achievement of certain milestones based on specified amounts of annual net sales (tiered from $125.0 million to $500.0 million) of the Products. The Company has reflected the bile acid business as a discontinued operation in the Consolidated Financial Statements for all periods presented. See Note 19 for further discussion. </span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Unless otherwise noted, amounts and disclosures throughout the Notes to the Consolidated Financial Statements relate to the Company's continuing operations.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#2c2c2c;font-family:'Arial',sans-serif;font-size:10.5pt;font-style:italic;font-weight:700;line-height:120%">Approved Products:</span></div><div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#00497f;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">FILSPARI® (sparsentan)</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">On February 17, 2023, the U.S. Food and Drug Administration (the "FDA") granted accelerated approval of FILSPARI® (sparsentan) to reduce proteinuria in adults with primary IgAN at risk of rapid disease progression, generally a UPCR ≥1.5 gram/gram. FILSPARI, a once-daily, oral medication is designed to selectively target two critical pathways (endothelin 1 and angiotensin-II) in the disease progression of IgAN. </span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">This indication was granted under accelerated approval based on reduction in proteinuria. The continued approval of FILSPARI may be contingent upon confirmation of a clinical benefit in the Company's Phase 3 clinical trial of sparsentan for the treatment of IgAN (the "PROTECT Study"). In September 2023, the Company announced topline two-year confirmatory secondary endpoint results from the PROTECT Study and i</span><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">n December 2023, the Company announced the completion of a successful pre-NDA meeting with the FDA for FILSPARI in IgAN. Following its regulatory engagement, the Company plans to submit a supplemental New Drug Application (sNDA) for conversion of the existing U.S. accelerated approval of FILSPARI to full approval. </span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">In August 2022, the Company and Vifor</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%"> (International) Ltd. ("CSL Vifor"), with whom the Company </span><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">entered into a license and collaboration agreement ("License Agreement") in September 2021, announced that the European Medicines Agency (the "EMA") had accepted for review the MAA of sparsentan for the treatment of IgAN in the EU. The Company is awaiting an opinion by the Committee for Medicinal Products for Human Use (the "CHMP").</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#00497f;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Thiola® and Thiola EC® (tiopronin tablets) </span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Thiola® and Thiola EC® (tiopronin tablets) are approved in the United States for the prevention of cystine (kidney) stone formation in patients with severe homozygous cystinuria.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#2c2c2c;font-family:'Arial',sans-serif;font-size:10.5pt;font-style:italic;font-weight:700;line-height:120%">Clinical-Stage Programs:</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#00497f;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Sparsentan for the treatment of FSGS</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Sparsentan remains a novel investigational product candidate which has been granted Orphan Drug Designation for the treatment of focal segmental glomerulosclerosis (FSGS) in the U.S. and the EEA. In December 2023, the Company announced that it had completed its planned Type C meeting with the FDA to discuss previously reported results from the Phase 3 DUPLEX Study of sparsentan in FSGS. The FDA acknowledged the high unmet need for approved therapies as well as the challenges in studying FSGS but indicated that the two-year results from the Phase 3 DUPLEX Study alone were not sufficient to support an sNDA submission. Together with CSL Vifor, the Company also plans to engage with the EMA to determine the potential for a subsequent variation to the Conditional Marketing Authorization (CMA) of sparsentan for the treatment of FSGS, subject to a review decision on the pending application for CMA of sparsentan in IgAN. The Company is conducting additional analyses of FSGS data and intends to engage with regulators to evaluate potential regulatory pathways for a sparsentan FSGS indication.</span></div><div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#00497f;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Pegtibatinase</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Pegtibatinas</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">e is a novel investigational human enzyme replacement candidate being evaluated for the treatment of classical homocystinuria (HCU). Pegtibatinase has been granted Rare Pediatric Disease, Fast Track and Breakthrough Therapy designations by the FDA, as well as orphan drug designation in the United States and European Union. In May 2023, the Company announced positive topline results from cohort 6 in the Phase 1/2 COMPOSE Study. </span><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">In December 2023, the Company initiated the pivotal Phase 3 HARMONY Study to support the potential approval of pegtibatinase for the treatment of classical HCU. The HARMONY Study is a global, randomized, multi-center, double-blind, placebo-controlled Phase 3 clinical trial designed to evaluate the efficacy and safety of pegtibatinase as a novel treatment to reduce total homocysteine (tHcy) levels. Topline results from the HARMONY Study are expected in 2026. </span><span style="background-color:#ffffff;color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">The Company</span><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%"> acquired pegtibatinase as part of the November 2020 acquisition of Orphan Technologies Limited.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#2c2c2c;font-family:'Arial',sans-serif;font-size:10.5pt;font-style:italic;font-weight:700;line-height:120%">Preclinical Programs:</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">The Company is a participant in a Cooperative Research and Development Agreement ("CRADA"), which forms a multi-stakeholder approach to pool resources with leading experts and incorporate the patient perspective early in the therapeutic identification and development process. The Company is partnering with the National Institutes of Health’s National Center for Advancing Translational Sciences ("NCATS") and a leading patient advocacy organization, Alagille Syndrome Alliance, aimed at the identification of potential small molecule therapeutics for Alagille syndrome ("ALGS"). There are no treatment options currently approved for ALGS.</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">The Company is party to a collaboration agreement with PharmaKrysto Limited and their early-stage cystinuria discovery program, whereby the Company is responsible for funding all research and development expenses for the pre-clinical activities associated with the cystinuria program.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#00497f;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">In preparing financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of expenses during the reporting period. Due to inherent uncertainty involved in making estimates, actual results reported in future periods may be affected by changes in these estimates. On an ongoing basis, the Company evaluates its estimates and assumptions. These estimates and assumptions include revenue recognition, forecasting probability-weighted cash flows based upon estimates of forecasted revenues, clinical and regulatory timelines and discount rates, valuing equity securities in share-based payments, estimating expenses of contracted research organizations, estimating reserves for inventory, estimating the useful lives of depreciable and amortizable assets, estimating of valuation allowances and uncertain tax positions, and estimates associated with the assessment of impairment for long-lived assets.</span></div>
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2400000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
33790000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2397000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
4727000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
0 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2387000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2126000 usd
CY2023Q4 tvtx Inventory Current And Non Current Net
InventoryCurrentAndNonCurrentNet
40904000 usd
CY2022Q4 tvtx Inventory Current And Non Current Net
InventoryCurrentAndNonCurrentNet
4523000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
9410000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
4523000 usd
CY2023Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
31494000 usd
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
0 usd
CY2023Q4 tvtx Inventory Current And Non Current Net
InventoryCurrentAndNonCurrentNet
40904000 usd
CY2022Q4 tvtx Inventory Current And Non Current Net
InventoryCurrentAndNonCurrentNet
4523000 usd
CY2023 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
11450000 usd
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4420000 usd
CY2021 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3818000 usd
CY2022Q4 tvtx Increase Decreased In Research And Development Expenses And Related Accrued Expenses
IncreaseDecreasedInResearchAndDevelopmentExpensesAndRelatedAccruedExpenses
-7700000 usd
CY2022 tvtx Increase Decreased In Research And Development Expenses And Related Accrued Expenses
IncreaseDecreasedInResearchAndDevelopmentExpensesAndRelatedAccruedExpenses
-1500000 usd
CY2021 tvtx Increase Decreased In Research And Development Expenses And Related Accrued Expenses
IncreaseDecreasedInResearchAndDevelopmentExpensesAndRelatedAccruedExpenses
-6200000 usd
CY2023 tvtx Number Of Phase One Half Clinical Trials In Process
NumberOfPhaseOneHalfClinicalTrialsInProcess
1 clinicaltrial
CY2023 tvtx Number Of Phase Three Clinical Trials In Process
NumberOfPhaseThreeClinicalTrialsInProcess
3 clinicaltrial
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#00497f;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">The Company maintains its cash and cash equivalents at insured financial institutions, the balances of which may, at times, exceed federally insured limits. Generally, these deposits may be redeemed upon demand, and the Company believes there is minimal risk of losses on such balances.</span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">The Company monitors its investments with counterparties with the objective of minimizing concentrations of credit risk. The Company's investment policy is to invest only in institutions that meet high credit quality standards and established limits on the amount and time to maturity of investments with any individual counterparty. The policy also requires that investments are only entered into with corporate and financial institutions that meet high quality standards.</span></div>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q2 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
3700000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
500000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
1400000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
300000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#00497f;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-style:italic;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:9.5pt;font-weight:400;line-height:120%">Certain reclassifications have been made to the prior year financial statements in order to conform to the current year’s presentation, including reclassifying the prior period carrying values of the assets and liabilities included in the sale of the bile acid business as assets and liabilities of discontinued operations within the Consolidated Balance Sheets, and revenues and expenses attributable to the bile acid business as net income from discontinued operations. These reclassifications did not have an impact on total assets or total liabilities in the Consolidated Balance Sheets or net loss in the Consolidated Statements of Operations.</span></div>
CY2023 us-gaap Restructuring Costs
RestructuringCosts
11400000 usd
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
11400000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 usd
CY2023 us-gaap Restructuring Charges
RestructuringCharges
11394000 usd
CY2023 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
27000 usd
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
11421000 usd
CY2023Q4 tvtx Number Of Direct To Patient Pharmacies Sold To
NumberOfDirectToPatientPharmaciesSoldTo
3 pharmacy
CY2023 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
For FILSPARI, sales are recognized upon delivery of the product to the specialty pharmacies. The Company receives payments from its FILSPARI sales based on terms that are generally 30 days from shipment of the product to the specialty pharmacy. For the Company's other products, product sales are recognized upon delivery to the patient. The Company receives payments from sales of its other products, primarily through third party payers, based on terms that generally are within 30 days of delivery of product to the patient
CY2023 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
400000 usd
CY2022 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
200000 usd
CY2021 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
200000 usd
CY2023 tvtx Increase Decrease Deferred Revenue Amortization
IncreaseDecreaseDeferredRevenueAmortization
2900000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22907000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
36647000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 usd
CY2023 tvtx Contract With Customer Liability New Consideration Resulting In Deferred Revenue
ContractWithCustomerLiabilityNewConsiderationResultingInDeferredRevenue
0 usd
CY2022 tvtx Contract With Customer Liability New Consideration Resulting In Deferred Revenue
ContractWithCustomerLiabilityNewConsiderationResultingInDeferredRevenue
0 usd
CY2021 tvtx Contract With Customer Liability New Consideration Resulting In Deferred Revenue
ContractWithCustomerLiabilityNewConsiderationResultingInDeferredRevenue
55000000 usd
CY2023 tvtx Contract With Customer Liability Foreign Currency Impact
ContractWithCustomerLiabilityForeignCurrencyImpact
387000 usd
CY2022 tvtx Contract With Customer Liability Foreign Currency Impact
ContractWithCustomerLiabilityForeignCurrencyImpact
-2250000 usd
CY2021 tvtx Contract With Customer Liability Foreign Currency Impact
ContractWithCustomerLiabilityForeignCurrencyImpact
-1639000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
8931000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22907000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
36647000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
41315000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
260000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
508675000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
388557000 usd
CY2023Q4 tvtx Debt Securities Availableforsale Amortized Cost Basis Current
DebtSecuritiesAvailableforsaleAmortizedCostBasisCurrent
249247000 usd
CY2023Q4 tvtx Debt Securities Available For Sale Unrealized Gain Current
DebtSecuritiesAvailableForSaleUnrealizedGainCurrent
90000 usd
CY2023Q4 tvtx Debt Securities Available For Sale Unrealized Loss Current
DebtSecuritiesAvailableForSaleUnrealizedLossCurrent
699000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
248638000 usd
CY2023Q4 tvtx Debt Securities Availableforsale Amortized Cost Basis Noncurrent
DebtSecuritiesAvailableforsaleAmortizedCostBasisNoncurrent
258687000 usd
CY2023Q4 tvtx Debt Securities Available For Sale Unrealized Gain Noncurrent
DebtSecuritiesAvailableForSaleUnrealizedGainNoncurrent
1550000 usd
CY2023Q4 tvtx Debt Securities Available For Sale Unrealized Loss Noncurrent
DebtSecuritiesAvailableForSaleUnrealizedLossNoncurrent
200000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
260037000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
507934000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1640000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
899000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
508675000 usd
CY2022Q4 tvtx Debt Securities Availableforsale Amortized Cost Basis Current
DebtSecuritiesAvailableforsaleAmortizedCostBasisCurrent
287615000 usd
CY2022Q4 tvtx Debt Securities Available For Sale Unrealized Gain Current
DebtSecuritiesAvailableForSaleUnrealizedGainCurrent
2000 usd
CY2022Q4 tvtx Debt Securities Available For Sale Unrealized Loss Current
DebtSecuritiesAvailableForSaleUnrealizedLossCurrent
2091000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
285526000 usd
CY2022Q4 tvtx Debt Securities Availableforsale Amortized Cost Basis Noncurrent
DebtSecuritiesAvailableforsaleAmortizedCostBasisNoncurrent
103897000 usd
CY2022Q4 tvtx Debt Securities Available For Sale Unrealized Gain Noncurrent
DebtSecuritiesAvailableForSaleUnrealizedGainNoncurrent
39000 usd
CY2022Q4 tvtx Debt Securities Available For Sale Unrealized Loss Noncurrent
DebtSecuritiesAvailableForSaleUnrealizedLossNoncurrent
905000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
103031000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
391512000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
41000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2996000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
388557000 usd
CY2023Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
4600000 usd
CY2022Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
1900000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
227533000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
639000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
268848000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
899000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
248321000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1960000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
112420000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1036000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
360741000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
2996000 usd
CY2023Q4 tvtx Debt Securities Available For Sale Unrealized Loss Position Amortized Cost
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAmortizedCost
269700000 usd
CY2022Q4 tvtx Debt Securities Available For Sale Unrealized Loss Position Amortized Cost
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAmortizedCost
363700000 usd
CY2022Q1 tvtx Debt Instrument Repurchase Amount Including Accrued And Unpaid Interest
DebtInstrumentRepurchaseAmountIncludingAccruedAndUnpaidInterest
213800000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023 us-gaap Write Off Of Deferred Debt Issuance Cost
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3400000 usd
CY2023 us-gaap Interest Expense
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11300000 usd
CY2022 us-gaap Interest Expense
InterestExpense
11000000 usd
CY2021 us-gaap Interest Expense
InterestExpense
19700000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
58176000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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508675000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
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566851000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
61688000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
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388557000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
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450245000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
183037000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
79347000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
103690000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
158783000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
62463000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
96320000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
36282000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18603000 usd
CY2021 us-gaap Amortization Of Intangible Assets
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11046000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
37625000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
40709000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8347000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2722000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2729000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
11558000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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103690000 usd
CY2022Q4 us-gaap Goodwill
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800000 usd
CY2023Q4 us-gaap Goodwill
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800000 usd
CY2023Q4 us-gaap Accrued Salaries Current
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29908000 usd
CY2022Q4 us-gaap Accrued Salaries Current
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35267000 usd
CY2023Q4 tvtx Accrued Liabilities Researchand Development Current
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26006000 usd
CY2022Q4 tvtx Accrued Liabilities Researchand Development Current
AccruedLiabilitiesResearchandDevelopmentCurrent
26070000 usd
CY2023Q4 tvtx Sales Discounts Rebates And Allowances Current
SalesDiscountsRebatesAndAllowancesCurrent
13730000 usd
CY2022Q4 tvtx Sales Discounts Rebates And Allowances Current
SalesDiscountsRebatesAndAllowancesCurrent
13486000 usd
CY2023Q4 tvtx Transition Services Accruals Current
TransitionServicesAccrualsCurrent
12282000 usd
CY2022Q4 tvtx Transition Services Accruals Current
TransitionServicesAccrualsCurrent
0 usd
CY2023Q4 us-gaap Restructuring Reserve Current
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11421000 usd
CY2022Q4 us-gaap Restructuring Reserve Current
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0 usd
CY2023Q4 tvtx Accrued Liabilities Selling Generaland Administrative Current
AccruedLiabilitiesSellingGeneralandAdministrativeCurrent
7190000 usd
CY2022Q4 tvtx Accrued Liabilities Selling Generaland Administrative Current
AccruedLiabilitiesSellingGeneralandAdministrativeCurrent
8791000 usd
CY2023Q4 us-gaap Accrued Royalties Current
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6991000 usd
CY2022Q4 us-gaap Accrued Royalties Current
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7755000 usd
CY2023Q4 tvtx Accrued Liabilities Miscellaneous
AccruedLiabilitiesMiscellaneous
11463000 usd
CY2022Q4 tvtx Accrued Liabilities Miscellaneous
AccruedLiabilitiesMiscellaneous
4373000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
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118991000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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95742000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
50000000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
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200000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2023 tvtx Common Stock Voting Rights Number Of Votes
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CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2023Q4 us-gaap Preferred Stock Shares Issued
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1422000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
6011349 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
19.34
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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P5Y1M28D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
71063000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
21806000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
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CY2023Q4 us-gaap Share Price
SharePrice
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CY2022Q4 us-gaap Share Price
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CY2021Q4 us-gaap Share Price
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CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38143000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29566000 usd
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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59832287 shares
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023 tvtx Weighted Average Number Of Shares Outstanding Basic Continuing Operations
WeightedAverageNumberOfSharesOutstandingBasicContinuingOperations
74267418 shares
CY2023 tvtx Weighted Average Number Of Shares Outstanding Diluted Continuing Operations
WeightedAverageNumberOfSharesOutstandingDilutedContinuingOperations
74267418 shares
CY2023 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2022 tvtx Weighted Average Number Of Shares Outstanding Basic Continuing Operations
WeightedAverageNumberOfSharesOutstandingBasicContinuingOperations
63758515 shares
CY2022 tvtx Weighted Average Number Of Shares Outstanding Diluted Continuing Operations
WeightedAverageNumberOfSharesOutstandingDilutedContinuingOperations
63758515 shares
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-331468000 usd
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2021 tvtx Weighted Average Number Of Shares Outstanding Basic Continuing Operations
WeightedAverageNumberOfSharesOutstandingBasicContinuingOperations
59832287 shares
CY2021 tvtx Weighted Average Number Of Shares Outstanding Diluted Continuing Operations
WeightedAverageNumberOfSharesOutstandingDilutedContinuingOperations
59832287 shares
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-217292000 usd
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2023 tvtx Weighted Average Number Of Shares Outstanding Basic Discontinued Operations
WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperations
74267418 shares
CY2023 tvtx Weighted Average Number Of Shares Outstanding Diluted Discontinued Operations
WeightedAverageNumberOfSharesOutstandingDilutedDiscontinuedOperations
74267418 shares
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
264934000 usd
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
3.57
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2022 tvtx Weighted Average Number Of Shares Outstanding Diluted Discontinued Operations
WeightedAverageNumberOfSharesOutstandingDilutedDiscontinuedOperations
63758515 shares
CY2022 tvtx Weighted Average Number Of Shares Outstanding Basic Discontinued Operations
WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperations
63758515 shares
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
52986000 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.83
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.83
CY2021 tvtx Weighted Average Number Of Shares Outstanding Basic Discontinued Operations
WeightedAverageNumberOfSharesOutstandingBasicDiscontinuedOperations
59832287 shares
CY2021 tvtx Weighted Average Number Of Shares Outstanding Diluted Discontinued Operations
WeightedAverageNumberOfSharesOutstandingDilutedDiscontinuedOperations
59832287 shares
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
37201000 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.62
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.62
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74267418 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74267418 shares
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023 us-gaap Earnings Per Share Basic
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CY2023 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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63758515 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63758515 shares
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-278482000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2022 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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59832287 shares
CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
223000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
313000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
409000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Earnings Per Share Diluted
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CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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25670747 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23085349 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17897060 shares
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-376110000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-331155000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-216883000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
223000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
314000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
412000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
223000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
313000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
409000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0362
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0292
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.0129
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0081
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0272
CY2023 tvtx Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Percent
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CY2022 tvtx Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Percent
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CY2021 tvtx Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Percent
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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0.0017
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2023 tvtx Effective Income Tax Rate Reconciliation Other Permanent Differences
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferences
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CY2022 tvtx Effective Income Tax Rate Reconciliation Other Permanent Differences
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferences
-0.0017
CY2021 tvtx Effective Income Tax Rate Reconciliation Other Permanent Differences
EffectiveIncomeTaxRateReconciliationOtherPermanentDifferences
-0.0012
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0419
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0017
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2023 tvtx Effective Income Tax Rate Reconciliation Adoption Of Asu202006
EffectiveIncomeTaxRateReconciliationAdoptionOfASU202006
0
CY2022 tvtx Effective Income Tax Rate Reconciliation Adoption Of Asu202006
EffectiveIncomeTaxRateReconciliationAdoptionOfASU202006
0.0354
CY2021 tvtx Effective Income Tax Rate Reconciliation Adoption Of Asu202006
EffectiveIncomeTaxRateReconciliationAdoptionOfASU202006
0
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.0057
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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