Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 890

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 890
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 providers.

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We compared invoices received by the Company subsequent to December 31, 2023 to the accrued research and development expenses related to CROs recognized by the Company.

/s/ Deloitte & Touche LLP

Houston, Texas

December 18, 2024 
 We have served as the Company’s auditor since 2022.

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TABLE OF CONTENTS

Tvardi Therapeutics, Inc. Balance Sheets
(Amounts in thousands, except share and per share amounts)

| ​                                                                                                                                                                                                                                                                                              
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 Assets                                                                                                                                                                                                                                                                                         
 Current assets:                                                                                                                                                                                                                                                                                | ​ 
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 ​ | ​ 
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 ​ 
 ​ | As of December 31, 
 2023               
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 ​ | 2022 
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|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:--|:--|:-------------------|:--|--------:|:--|:--|:--|:-----|:--|--------:|:--|:--|
| Cash and cash equivalents                                                                                                                                                                                                                                                                      | ​ | ​ | ​                  | $ |  22,919 | ​ | ​ | ​ | ​    | $ |  21,489 | ​ | ​ |
| Short-term investments                                                                                                                                                                                                                                                                         | ​ | ​ | ​                  | ​ |       — | ​ | ​ | ​ | ​    | ​ |  22,250 | ​ | ​ |
| Prepaid expenses and other current assets                                                                                                                                                                                                                                                      | ​ | ​ | ​                  | ​ |   3,239 | ​ | ​ | ​ | ​    | ​ |     370 | ​ | ​ |
| Total current assets                                                                                                                                                                                                                                                                           | ​ | ​ | ​                  | ​ |  26,158 | ​ | ​ | ​ | ​    | ​ |  44,109 | ​ | ​ |
| Property and equipment, net                                                                                                                                                                                                                                                                    | ​ | ​ | ​                  | ​ |     116 | ​ | ​ | ​ | ​    | ​ |     147 | ​ | ​ |
| Intangible assets, net                                                                                                                                                                                                                                                                         | ​ | ​ | ​                  | ​ |     448 | ​ |