Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 612

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 612
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 nine months ended September 30, 2024, compared to $2.1 million for the nine months ended September 30, 2023. The increase of $0.1 million was primarily driven by increases in compensation and consulting and legal fees, totaling $0.2 million, partially offset by a decrease in other office and administrative costs of $0.1 million. Interest Income Interest income was $0.6 million for the nine months ended September 30, 2024, compared to $1.0 million for the nine months ended September 30, 2023. The $0.6 million of interest income for the nine months ended was driven by interest income earned on Tvardi’s cash equivalents. The $1.0 million of interest income for the nine months ended September 30, 2023 includes interest earned on Tvardi’s cash, cash equivalents, previously outstanding short-term investments, as well as the accretion of the discount on its short-term investments, which fully matured during fiscal 2023.

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TABLE OF CONTENTS

Comparison of the years ended December 31, 2023 and 2022 The following table sets forth Tvardi’s results of operations for the years ended December 31, 2023 and 2022 (in thousands, except percentages):

| ​                          
 ​                          | ​ 
 ​ | ​ 
 ​ | Year Ended December 31, 
 2023                    |   |         |   | ​ | ​ | 2022 |   |         |   | ​ 
 ​ | ​ 
 ​ | Change 
 Amount |   |        |   | ​ | ​ | Percent |   |          |   | ​ 
 ​ |
|:---------------------------|:--|:--|:------------------------|:--|--------:|:--|:--|:--|:-----|:--|--------:|:--|:--|:--|:-------|:--|-------:|:--|:--|:--|:--------|:--|:---------|:--|:--|
| Operating expenses:        | ​ | ​ | ​                       | ​ |       ​ | ​ | ​ | ​ | ​    | ​ |       ​ | ​ | ​ | ​ | ​      | ​ |      ​ | ​ | ​ | ​ | ​       | ​ | ​        | ​ | ​ |
| Research and development   | ​ | ​ | ​                       | $ |