Titan Pharmaceuticals Inc. (NASDAQ:TTNP) Q4 2019 Earnings Conference Call - Final Transcript

Mar 30, 2020 • 04:30 pm ET

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Titan Pharmaceuticals Inc. (NASDAQ:TTNP) Q4 2019 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Thank you for holding, and welcome to the Titan Pharmaceuticals Fourth Quarter and Full-Year 2019 Financial Results Conference Call. [Operator Instructions] Please be advised that this call is being taped at the Company's request and will be archived on the Company's website starting later today.

At this time, I would like to turn the conference over to Sunil Bhonsle, President and CEO of Titan Pharmaceuticals. Please go ahead.

Executive
Sunil Bhonsle

Thank you, Andrea, and thank you all for joining us. Welcome to the Titan Pharmaceuticals call to review financial and operational results for the fourth quarter and year ended December 31, 2019, and provide an update on our business.

Before we begin, I wanted to inform you that we have filed our 2019 annual report on Form 10-K with the SEC. And the press release issued today provides a summary of the results, and these can be found on our website at titanpharm.com.

I also want to take this opportunity to thank the team at Titan, our audit staff at OUM and our counsel at Loeb & Loeb, who have worked tirelessly from their remote locations, including over the weekend, to issue these reports on schedule. So thanks, everyone.

Joining me on the call today from Titan are Dr. Marc Rubin, our Executive Chairman; Dr. Kate DeVarney, Executive Vice President and Chief Scientific Officer; Dane Hallberg, Executive Vice President and Chief Commercial Officer; and Brian Crowley, Vice President of Finance and Administration.

Before we go into the details of the financial results and provide an update on the Company, Jennifer Kiernan will review the required cautions regarding forward-looking statements. Jennifer?

Executive
Jennifer Kiernan

Thank you, Sunil. I want to remind everyone that certain matters that will be discussed today, other than historical information, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our product commercialization and development programs and any other statements that are not historical facts. Such statements involve risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from management's current expectations include those risks and uncertainties relating to the commercialization of Probuphine; the regulatory approval process; Titan's ability to access capital; the development, testing, production and marketing of our drug candidates; patent and intellectual property matters; and strategic agreements and relationships. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

And now, back to you, Sunil.

Executive
Sunil Bhonsle

Thank you, Jennifer. As always, we will start the call with an overview from our Executive Chairman, Dr. Marc Rubin, followed by commercial updates from Dane Hallberg, and then medical affairs, regulatory and product development