Thank you for standing by. Welcome to the Theratechnologies conference call. At this time, all participants are on listen-only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. If anyone has any difficulty hearing the conference, please press star followed by zero for operator assistance at any time. I would like to remind everyone that this conference call is being recorded today, July 15th at 8:30 A.M. Eastern time. Now I would now like to turn the conference over to Denis Boucher, Vice President, Communications and Corporate Affairs. Mr. Boucher, please go ahead. Thank you very much. Mr. Paul Lévesque, the President and Chief Executive Officer of Theratechnologies, and Mr. Philippe Dubuc, Senior Vice President and Chief Financial Officer, will be the speakers on today's call. A Q&A period will follow their presentation. Before Paul begins his remarks, I've been asked by Theratechnologies to read the following message regarding the forward-looking statements. I would like to remind everyone that Theratechnologies remarks today contain forward-looking statements about its current and future plans, expectations and intentions, results, levels of activity, performance, goals, or achievements, or other future events or developments. In preparing these forward-looking statements, several assumptions were made by Theratechnologies, and there are risks that results actually obtained by the company will differ materially from those statements. As a consequence, the company cannot guarantee that any forward-looking statement will materialize and you are cautioned not to place undue reliance on them. Theratechnologies refers current and potential investors to the forward-looking information sections of its management's discussion and analysis issued this morning, available at www.sedar.com and on EDGAR at www.sec.gov. Forward-looking statements represent Theratechnologies expectations as of July 15th, 2021. Except as may be required by securities laws, Theratechnologies does not undertake any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise. I would now like to turn the conference over to Paul. Thank you, Denis. Good morning, everyone, and thank you for being with us today. Much has happened at Theratechnologies over the last six months as we continue to integrate stepwise changes that are intended to best optimize our business and position the company for long-term growth. An interesting aspect of our story that is not always understood, however, is that we have one foot in a clearly established revenue-generating commercial business with potential for upside, and another foot in an extremely promising pipeline in early-stage oncology, late-stage NASH development, and lifecycle management for our commercial portfolio. We firmly believe that the phase I program evaluating our lead peptide drug conjugate, TH1902 for treating sortilin-expressing cancers and our phase III development program evaluating tesamorelin for the treatment of NASH both hold true promise to benefit patient communities in areas of unmet medical need, as well as our stakeholders as we continue to strengthen our foundation for growth. As we announced today, we have completed our discussions with the FDA and EMA regarding the phase III NASH program and have finalized phase III clinical trial design and are now in a position to finalize a protocol. As we review the additional resources that are now required to conduct a phase III clinical trial in NASH, we decided that it was in the best interest of the company and our stakeholders to evaluate opportunities that will allow us to more effectively execute this program, including initiating a search for a potential partner for late-stage development. While this will alter the planned timing of the phase III clinical trial initiation, which was previously expected to begin in Q3 of calendar year 2021, by seeking and securing a partner, we may potentially add additional resources and capabilities that will be of great value as we advance this exciting program toward a potential approval. We have already kicked off this initiative and retained the services of an external U.S.-based biopharma advisory firm to assist in identifying a potential partner. In many ways, this may sound like a shift from our existing strategy. However, this could not be further from the truth. In prudently shaping the future of Theratechnologies, we believe that we are keeping to our strategy and our promise to best serve patients and unlock shareholders value via a two-pronged approach, innovation and growth through our commercial business and promising pipeline programs. What is most promising about our current NASH position is the fact that we have built a ready-to-proceed phase III clinical trial design, providing a very competitive program for a future partner. In particular, tesamorelin has demonstrated a strong and well-established track record of safety and efficacy over 10 years of product data in HIV-associated lipodystrophy. We have a strong intellectual property position that was further strengthened by newly issued patents for the treatment of liver disease and extends through 2040. We've collected extensive data from investigator-initiated studies in the hard-to-treat HIV NASH patient population that showed tesamorelin's unique mechanism of action that addresses the underlying cause of liver disease. With its new potential F8 formulation and multi-dose pen injector, tesamorelin could have the opportunity to provide healthcare providers and patients suffering from NASH and HIV-related NASH a new treatment option that may greatly improve adherence of tesamorelin in the treatment of this debilitating disease. More importantly, we have received clarity from the U.S. and EU regulators and have finalized a comprehensive phase III NASH trial design. In terms of regulatory discussions, the finalized phase III trial design is planned for a multicenter, randomized, double-blind, placebo-controlled, 1:1, two-part study designed to evaluate the safety and efficacy of tesamorelin in liver biopsy-confirmed patients with NAS score of at least four in stage two or three fibrosis. The clinical trial will also use a futility analysis that would be conducted after the first approximately 400 patients have completed 18 months of treatment and have received a second liver biopsy. This will allow us to see if an early treatment effect with tesamorelin has been observed to determine if the study should proceed as planned. We will be in a position to file an sBLA after approximately 1,100 patients, including 75-100 people living with HIV, have completed 18 months of treatment and have received a second liver biopsy. Following potential approval, an additional 1,800 patients are expected to be enrolled to continue measuring clinical outcomes over a period of five years. As I said earlier, and will reiterate again, with the feedback from the U.S. and EU regulators, we have built a launch-ready phase III development path forward. We believe that we are creating a stronger position to unlock the intrinsic value of our NASH pipeline asset by evaluating opportunities, including identifying a potential partner, to bring this ambitious program through development and toward approval. This strategy will also allow us to continue to invest and further strengthen our commercial business and advance our promising SORT1+ Technology through clinical development as quickly as possible. Turning to our oncology pipeline, we continue to be very excited about the SORT1+ T echnology in sortilin-expressing cancers and our recent discoveries garnered from preclinical work continue to confirm this opportunity. As I've said before, we believe that we have developed a targeted peptide drug conjugate that can potentially transform the way cancer is treated. Just recently, we reported preclinical in vivo findings of the anti-metastatic effect and tolerability of TH1902, further supporting TH1902's prospects as a promising cancer-killing platform technology in sortilin-expressing cancers. These results demonstrate that TH1902 has better anti-metastatic activity when compared to docetaxel alone when administered at equal concentrations in a lung metastasis cancer model expressing the SORT1 receptor. It is well known that the survival rate for metastatic cancer is extremely low, and that SORT1 receptor expression increases as cancers progress. These new findings confirm that by targeting SORT1 receptor, TH1902 may potentially be effective in the treatment of metastasis. Most importantly, these preclinical findings, if confirmed in humans, are promising signs that there may finally be a way to inhibit hard-to-treat cancers with a more effective and better-tolerated treatment and further broaden the cancer types that can potentially be treated with our SORT1+ Technology. Our SORT1+ Technology, including TH1902, is truly groundbreaking cancer treatment approach based on its mechanism of action and compared to cytotoxic drugs like docetaxel or doxorubicin. TH1902 allows for increases in intracellular concentration of the cytotoxic payload, offering a different PK profile while increasing the therapeutic window of the cytotoxic drug being conjugated. What is also extremely important when comparing TH1902 to an equimolar dose concentration of a cytotoxic drug like docetaxel alone is the absence of neutropenia. In our preclinical models, TH1902 has not shown to induce neutropenia, potentially allowing for sustained treatment, better tolerability, and increased efficacy of TH1902. In terms of what to expect next for this program, based on the current progress of the trial, we plan to provide a safety and efficacy interim readout from the Phase I Part A of the study in Q4 of this calendar year. By year-end, we expect to have completed the Part A dose escalation study to establish the maximum tolerated dose and inform the next step of the Phase I Part B basket trial, which is expected to begin in early 2022. When we think about the potential runway for growth that is ahead of us, especially as we move our pipeline of potential medicines closer to approval, it is helpful and insightful to look back at how the biotech market has matured in the last decade. One thing of note that has stood out in the last few years is just how resilient the biotech industry has been. This is the case whether we're talking about driving innovation in healthcare or talking about biotech's legitimacy as an investment class. Investors are looking to the sector for sources of new technology, innovation, and approaches that will transform patients lives. At Theratechnologies, we had aligned our own way forward with these ideas in mind to keep up with change, drive innovation, and evolve our business in anticipation of the strong growth that is to come. We've taken cues from the biotech industry historically and modeled best-in-class standards that place a strong emphasis on the need to address three key areas of importance. The first is building talent, second is handling complexity, and finally, improving commercial and development execution. On this first area of importance, we've placed a strong emphasis on near-term execution to best position ourselves for success. When you look at our recent investments, which extend our human capital, we have brought on experienced talent that are assuming critical leadership roles, ensuring the successful execution of our strategic objectives. Recently, we welcomed André Dupras as a Vice President who will lead our human resources function. André Dupras brings more than 25 years of experience and was most recently Vice President of Human Resources at Clementia Pharmaceuticals. André will ensure that we are attracting the very best talent in the industry to help us grow the business, and he will ensure that we retain our current exceptional group of employees. In addition, Daniel Bock was brought on to lead our business and corporate development efforts. In this newly created role, Daniel will support the company's commercial and R&D strategic partnerships and alliances and assist in building out our relationships in the industry. Having strong leadership in these key positions gives us the ability to manage the complexity of operating a commercial and R&D business through the pandemic and beyond. We really look forward to their leadership and the contributions that they will bring to Theratechnologies in their respective fields and roles. Turning to the second area of importance, handling complexity. I think nearly every company in every industry can point out to the COVID-19 pandemic as a prime example of how the organization has handled complexity during this time. For us, this has been centered around our commercial business. To that end, Symphony Health, one of the leading data providers for the industry, published data on office visits pertaining to HIV diagnosis during the pandemic. Looking at the data, the most significant takeaway related to our company was that through 2020 and into early 2021, overall genomic resistance testing was down 25% compared to previous periods. This is pretty significant as this data serves as a general proxy for our industry and at a high level is indicative of the pervasive challenges that we faced in the first half of this year. As many of you are aware, genomic testing is a prerequisite for initiating specialty HIV drug treatments like Trogarzo. During the second quarter, we continued to see this impact our top-line results, in particular Trogarzo, as patient prerequisite testing continued to be hindered by the pandemic-related strains on healthcare facilities and physicians. The introduction of competitive pressures from newly launched therapies for the treatment of HIV may have also impacted the U.S. sales performance of Trogarzo during the quarter. In the EU, we continued to work toward obtaining an appropriate price and widespread reimbursement for Trogarzo in key European countries and believe we have created a strong foundation for our medicines for when the pandemic-associated lockdown measures are fully lifted. Nonetheless, both in the U.S. and EU, we have continued to enhance our medical liaison teams and community outreach engagements as we look to build this area further as patients get ready to resume doctor's appointments again. Concurrently, we continue to prepare HCPs to be better informed and with better resources to prescribe our medicines, helping to ensure that patients adhere to prescribed treatment plans as they move through their patient journeys in the effort to improve their overall health. As I touch upon the third and final key area of importance, improving commercial and development execution, we continue to take the necessary proactive measures to build out our commercial business while being mindful that the short-term impact of COVID on the industry may continue in the U.S. and EU until we have fully exited the sustained challenges related to the pandemic. When we think about where we want to be with regards to sales following a full exit from the pandemic, we remain optimistic. We believe the sales, marketing, and educational support infrastructure that we've built started to bear fruit on EGRIFTA's sales during this quarter, which grew 12% over 2020. We are encouraged by the incremental gains in EGRIFTA's sales in the first half of the year and believe that this is indicative of our patient activation efforts and digital strategy to support patients to initiate our therapy. These continued efforts around our HIV business are intended to be catalysts for a steady and incremental ramp-up in revenues going forward and will also serve to reduce execution risk all the way through to the commercial stages of our pipeline candidates. We are firmly grounded in these near and long-term initiatives, and we are executing on our strategic operating plans accordingly while efficiently deploying capital and managing operating expenses. Looking at the overall business, I believe we have made valuable progress in 2021 thus far. I can say with true conviction that we have executed against our strategy as reflected in a better, stronger organization with a talent pool that is aligning with our growth trajectory and ambition. With this, I would like to turn the call over to Philippe now to discuss the second quarter results. Philippe, please go ahead. Thanks, Paul, and good morning, everyone. Consolidated revenues for the second quarter of fiscal 2021 were $17.8 million, an increase of 4% over Q2 2020, mostly due to an increase in EGRIFTA SV sales and hampered by lower sales of Trogarzo. Net sales of EGRIFTA SV were $10.3 million, up 12% from the same period last year when we recorded sales of $ 9.3 million. Unit sales of EGRIFTA were relatively stable compared to last year, but net sales were better due to a higher net selling price and lower rebates to public payers, given the switch from EGRIFTA SV from the old version of EGRIFTA, which carried higher percentage discounts than EGRIFTA SV. Trogarzo revenues were down 6% year-over-year as a result of lower sales to specialty pharmacies, the effect of the ongoing COVID-19 pandemic, resulting in difficulty for patients to visit healthcare facilities to meet with physicians and obtain their intravenous infusion, competitive pressures, and slightly higher rebates as well. These factors were partially offset by a higher selling price, and recall that in Q2 2020, at the beginning of the pandemic, net sales of Trogarzo were positively impacted by unusually large orders by pharmacies, which have since stabilized. In the EU, while the COVID situation is still problematic, mostly with respect to patients getting onboarded on therapy, our team in Europe continues to identify patients. We believe that the latter part of the year may provide incremental gains. Pricing discussions are progressing in the EU, and reception has been positive. With this in mind, we have laid the groundwork to growing revenues of the Theratechnologies franchise and expect to see our efforts bear fruit from these strategic initiatives. Cost of sales in Q2 2021 was down to $5.9 million compared to $7.3 million for the same quarter last year. The decrease is mostly due to higher gross margins on EGRIFTA SV compared to EGRIFTA, as well as a lower transfer price for Trogarzo, given the achievement of a predetermined amount of net sales in Q3 of last year. R&D expenses amounted to $6.4 million in Q2 2021, compared to $3.6 million for the same quarter last year. This increase is largely due to higher spending in oncology with the initiation of our phase I trial, increased activity related to our NASH program, including on the new F8 formulation, increased spending in medical and patient education, as well as higher medical affairs initiatives in Europe. For the three-month period ended May 31st, 2021, selling expenses were on par with Q2 2020 and were stable at $6.9 million. G&A expenses amounted to $3.9 million in Q2, up slightly from $3.7 million in Q2 2020. The increase in G&A expenses is largely due to increased overall business activity in 2021 compared to 2020. This increase is partly offset by one-time items incurred in 2020 as a result of the retirement of the company's previous CEO. In Q2 2021, we recorded $1 million in net finance costs, compared to $1.4 million in Q2 2020. As previously stated, finance costs comprise of interest on convertible notes as well as accretion expense. Net finance costs in 2021 were reduced by foreign exchange gains of $378,000. For the second quarter of 2021, we recorded a negative EBITDA of $2.6 million, compared to negative $1.5 million last year. This difference is mainly due to a higher net loss during the quarter. For the second quarter of 2021, our operations, including variations in working capital, used approximately $700,000 of cash, which explains why our cash balance has remained virtually identical to that of February 28th, 2021 at approximately $57 million. I will now turn the call back to Paul for some closing remarks. Thank you, Philippe. Looking back at the 1st half of the year, we're pleased with the organization that we have to come. The innovation that we are developing is really special and has the ability to greatly improve, and in many instances, transform patients' lives across areas of high unmet medical need. As we look to carry this momentum through the remainder of 2021, I am ever the more confident that we will improve our commercial business while advancing our research pipeline. In the short term, our priorities remain focused on delivering growth from our commercial portfolio, completing the dose escalation part of our oncology trial and, of course, exploring opportunities, including finding a potential partner to maximize the value of our phase III NASH program. With that, we will now open the call to take your questions. As the operator mentioned at the beginning of this call, I would like to remind you that you can submit a question in written form via the webcast platform. Please register on the webcast link, which is available in the events section of our investor website to submit your question. Ladies and gentlemen, if you have a question or comment at this time please press the star and the one key on your touchtone telephone. If your question has been answered or you wish to withdraw yourself from the queue, please press the pound key. Our first question comes from André Uddin with Research Capital. Good morning, everyone. Thanks. In terms of your NASH potential partnership, which I think is actually a great idea, can you please describe your ideal partner? Will you look for them to fully fund the phase III trial, or will you look to co-develop it and then later co-promote it? Also with this potential partner, would you look to co-promote EGRIFTA for HIV? Thanks. Thank you, André, for the question, and I'm glad you feel that way. This is certainly a position of strength that we're facing at this time. We have an approved protocol on our lap. There are not too many companies that can actually, in such an area of unmet medical need, be in a position like this. When it comes down to the ideal partner, I think that it can take different forms, and it's kind of too early to actually take a look at all the possibilities that are ahead. There's certainly the one that comes with co-development, co-promotion, so co-commercialization down the road. Other companies may decide to actually, they don't want to invest, but they would want us to continue the development and maybe have a piece of the commercialization later on. I think that we have already with our advisor, have done a mapping of the potential pharmaceutical companies, big companies, medium-size, with an interest in NASH, and we know what these companies are. I think that we'll see down the road what type of partnership we can sign with them. One thing is for sure, nobody knows tesamorelin more than we do. We need to actually keep investing, keep unfolding our plan, and we're fully committed to put that to life with a partner or with other means that we're going to find in the upcoming months. Okay. Just also on the business development front, are you looking to add any new commercial-stage products that you think would fit with your current sales force? The answer is yes, we are on the lookout. This is a strategy that makes a lot of sense for us because we've got 2 products in the bag in the U.S. We have only one product in Europe. We'll take a look at how we can identify what I call a drug companion that could actually synergize with the portfolio that we have, and that would increase the critical mass of assets that would make sense for the target of doctors that we are calling on at this time. We will actually do some work. We've already started. Again, the pandemic made some of that more complicated, but we will look into it and we'll see if we find that sweet spot again with the ideal companion. Okay. Just also one last question here. I just saw that there's an EGRIFTA phase II trial being run with 100 HIV patients with MCI or mild cognitive impairment. Can you discuss how this trial came about and when the results for that trial are expected, roughly, if you know? Christian, do you want to handle this? Absolutely, yes, Andre, thank you for the question. I don't know, Andre, if you remember, but we had done first a number of years ago, a study in non-HIV in the general population in mild cognitively impaired patients, with Dr. Vitiello, and we have shown positive results. Following that study, there's also studies showing in HIV that an increased waist circumference is also associated with mild cognitive impairment. Dr. Fred Sattler and Ron Ellis have been working with us to start that trial. That trial has been ongoing for a number, probably about 2 years now. We hope that the recruitment will be completed in 2022. If it's a 6-month study, then we should potentially see results in 2023. It's a good rationale based on the preceding studies that were done with EGRIFTA. All the patients in that trial are HIV? All the patients in that trial are HIV. It is linked to a study that Dr. Ron Ellis, epidemiological study that Dr. Ron Ellis have done in the past showing the link between increased waist circumference, which is increased visceral adipose tissue or ectopic fat, and decrease in cognition. Okay. All right. Thank you. That's it for me. Sure. Our next question comes from Edward Nash with Canaccord Genuity. Hi. Good morning, guys. I wanted to understand, I know that we just got the protocol now approved, I guess, officially, but we've known since roughly almost one year ago now that you were not going to be allowed or the agency was not going to be receptive to you looking at only NASH patients that had HIV. I'm just trying to understand now that you're deciding to partner, your cash balance is what it is, which is going to drive the decision. We already kind of knew what your cash balance was then, too. Just what's changed between since last year and now with regards to your decision to look for a partner for the phase III NASH? Well, thank you very much. Listen, what has changed is that the cohort size now has increased. Through the negotiation with the agencies, they've asked for additional monitoring to be done. The monitoring is something that we had partially anticipated, but that's the type of thing that comes out when you negotiate with the agencies. All of that is increasing costs just about 25%. 25% over the period of time of that trial is significant. I think that this is the sweet spot now that we are facing because we have a protocol that is ready to proceed, and I think that if there is a moment where we can, with credibility, attract and discuss with a potential partner, it is now. Having done that six months ago, we were in the midst of interacting with agencies at that time. First they would have asked is, "Tell me more." I think that we would like to see if the partner wants to actually be part of the beginning of that trial. This is the moment that we're in. It's the ideal time. I think that if the partner would like to team up, take a look at the protocol, it's not too late. We can do different things if needed. The protocol is ready to proceed, and we have all the confidence in the world that this protocol will tip this to an approval. Going back to your question, I think that what has changed is the additional cost, the complexity of this trial, and I think it's prudent and probably a good thing that we explore the opportunity of having a partner in at this time. Thank you for your question. No, I think that was helpful. I guess the second part to that is just with regards to modeling this, obviously this can take many different forms, as you mentioned. Of the six companies running phase III right now for NASH, they're all in this alone. I just wanted to know on that side, have you already had people having accessed the data on a confidential basis showing interest, or is this kind of an effort that's now that you have a BD guy on board, is this something that's just now starting new from scratch? Well, I'm not going to get into the detail, but the outreach has started and the discussions are ongoing, and I cannot reveal where we are. This is serious stuff. There is a fair amount of interest at this time, and we're going to go through the process stepwise, and we'll let you know once we have more to say. No, that's great. My last question is just with regard to the F8 formulation, the pin formulation, can you remind us again when you expect to have that available to replace the EGRIFTA SV? Christian, do you want to? Yeah, absolutely. The plan is to submit the dossier in the 1st quarter of 2022. It should be available. It is a five-month review. It should be available towards the third, fourth quarter of 2022. The main reason is that we need to gather more stability. Like the F8 is relatively new, and we are gathering stability data for the shelf life. Great. Thank you so much, guys. Our next question comes from Endri Leno with National Bank. I'll pick up again with the NASH, and I have a couple more after that. The question I had is that what possibility do you guys foresee that a partner may ask for general NASH data prior to an agreement? Would you mind repeating your question? Because the line wasn't all that clear, and we couldn't hear you very well. Sure. Yeah. What is the possibility that you guys foresee that a partner may ask for general NASH data prior to an agreement? This is an interesting question, but we've got a ready-to-proceed protocol at this time that has been negotiated. I think that the two agencies were pleased with what we actually presented in front of them. Quite frankly, over the last 12 months, we have broadened our support for tesamorelin in the general population. You would remember that to get to this point, it's been a pretty long journey. We started with having interest in NASH in the HIV population. Based on our early interaction with the agencies, we actually were told that we should actually think about the general population. We actually looked forward to that, and we ended up broadening our support among the experts in the industry. I think now we're all set to go. Christian, do you want to add anything? Yeah. Maybe, Endri, I'll go back on the scientific side of the mechanism of action. There's a clear association between decreased release in GH and increased visceral adipose tissue and increase in liver fat in both patient population, non-HIV and HIV. That's really the mechanism of action that we're targeting. The other thing that we have done so far, we have done study with EGRIFTA in both HIV and non-HIV. In both patient populations, we have shown a good similar decrease in visceral adipose tissue. In the HIV population, we have shown a decrease in liver fat of about 40%, which we think it is the same because there's a good correlation between the decrease in visceral adipose tissue and liver fat. Therefore, in the general population, it should be similar. All of our experts that we work with and have been an expert that we worked with told us that this is the best way and the best approach to go. We're very confident with the data that we have, and it was supported by the regulatory agencies that we can go ahead and move in the general population. Okay. Great. Thank you for that. Actually, one more perhaps for Christian. If you can please refresh us on the current endpoint as from the last protocol versus your prior expectations and the results already obtained in EGRIFTA NASH, please. Thanks. You mean for the EGRIFTA NASH in terms of the endpoint for the phase III trial? Yes, please. Yeah. What we're looking at at the moment is a normalization in the NAS score. Patients will have a NAS score of four and more at the entry and fibrosis of two or three. We're looking at the normalization of NASH in 10% of the patients. This is a primary endpoint without any negative impact on fibrosis. Fibrosis will also be assessed, and fibrosis will be a secondary endpoint. Based on the data and recent publication from Dr. Loomba, we know that the decrease of 30% in liver fat is associated with normalization of NASH and is also associated with decrease of fibrosis. We're quite confident in those two endpoints for the phase III program. Okay, great. Thank you. My other question is more to do with the sales in the quarter for Trogarzo. I don't know if you guys are able to provide a bit of a breakdown on the 6% decline and how much of that was due to lower volume, how much was due to competition, and then rebates. Philippe, do you have a few? I think you had a few statements in your speech. Can you go ahead? Sure. Endri, it's really a mix of everything. We did see lower unit volumes. Trogarzo's been more affected by the pandemic, especially when immunocompromised patients are told to stay at home. That affected the unit sales. It affected new prescriptions as well. Remember last year, there was a huge spike in orders from pharmacies at the beginning of the pandemic. That kind of normalized out a little bit during that quarter last year. Still, inventory levels at the end of last quarter were kind of high. It's really a mix of everything that resulted in this -6% in sales. Okay. No, great. Thank you. A little bit more into, especially volumes, what are you seeing or what do you expect to see over the next few quarters? Given that most of the things were pretty much open in the U.S. the last quarter and as we see new cases starting to ramp up a little bit, should we expect sales or volumes at least flattish or a bit below or a bit trending upwards? Well, thank you for the questions. We are into this for growth. We're committed to Trogarzo, we're committed to EGRIFTA. The good news is now the field force are up and running again. Face-to-face calls are increasing, obviously, that's the best way we can get our messages out to our physicians and patients somehow. We are optimistic that we're going to be firming up the performance of both assets. Things have slowed down in Europe due to the pandemic and the lockdown. Now we will resume our pricing and negotiation. What is important to me, quite frankly, is that this drug, Trogarzo, be relevant to patients and HCPs, we're going to work hard because we know that they need alternatives to treat their patients. We foresee growth with both assets in the upcoming months, we're going to work hard to make that happen. I think that I would leave it at that for now. Okay, great. Thank you. One last one for me. If you guys can talk a little bit in terms of cost, how do you see them over the next two to four quarters? Philippe, do you want to take that? Well, until we start the NASH trial, I think you can pretty much assume that on the SG&A front and even on the R&D front, it should be relatively stable. Until we do start the NASH trial, this quarter is probably a good proxy. Great. Thank you very much. Thanks, guys. Let me add something on your question again. I'd like just to say that there's new dynamics going on in HIV as new competitors are launching. At the same time, the market is moving to long-acting. We have a long-acting compound with Trogarzo. We're going to make sure that that gets to our physicians and that they see the benefits of prescribing Trogarzo in the mix of drugs they need to take or to prescribe to control patients. Again, ladies and gentlemen, if you have a question or a comment at this time, please press the star then the one key on your touchtone telephone. It seems, as we do not have additional questions from analysts, we will now turn to questions submitted by other participants in writing. The first question that we have is if there is a time frame that you expect to finalize a partnership in NASH? As we said today, I think it should be clear that we're going to look at all the options that we have. As I said, we are in a position of strength. It's very important that we take a little bit of time now and somehow even slow down to better accelerate in a few months. This is a long journey. If we can find a partner that will bring resources but also capabilities, I think that the slowing down aspect of this will be forgotten very fast. What is more important for us at this time, it's really to find the ideal partner, and I think that timeline will take care of itself along the way. Thank you, Paul. Another question here. If we don't find a partner, would we decide to proceed on our own or just give up on it? Well, we're certainly not going to give up. We have a protocol that we've worked absolutely hard to get to where it is now, and that can actually make us enter the market first and second or third and be extremely relevant in an area of unmet medical need. We're just, as I said, at this time, it's premature to actually go over and speculate over what would happen. The partnership is on the table at this time. We've got an advisory company that is helping out. The process has started. The outreach is on, and we'll actually meet these organizations, unveil the data, get them to see what we have seen, get them to actually interact with the advisors and KOLs that are supporting this, and I'm very confident that they're going to want to actually be part of it. Thank you. Before we go on with more questions, I'd like to remind participants that you can submit questions in writing on the webcast platform. If you do have questions, please don't hesitate to submit it. Now, on the oncology platform, given the timeline presented during the last webcast, can it be assumed that we are in the therapeutic dosage level of the sudocetaxel? Christian, you want to provide an update? Yeah, absolutely. I won't go into specifics of the trial. As you know, we have to manage the study very confidentially to some extent and make sure that if we announce something, that everything will be validated. At the moment, the recruitment is going very well. We are recruiting patients and dose escalating at a rate of three to four weeks. We could do it every three weeks, but by the time that we recruit the following patient, ensuring that everything is done and we have the appropriate data from the prior cycle, then it increases every three to four weeks. We started the first patient, as you know, on March 23rd. The study is proceeding well, and we also now have increased the number of sites. We started with first site of Dr. Shah, Gettysburg, MD Anderson has been open for a few weeks, and we now have opened two additional sites for recruitment. Thank you, Christian. We have another question regarding the oncology platform, regarding the number of patients that have been dosed so far and if all four centers have enrolled patients. At the moment, all four centers are active in screening patients. At the moment, we have two sites that recruited patients. In the coming months, the other sites will also add patients to this program. Thank you very much. Regarding our HIV business, with the focus increasingly on oncology, what to think of the HIV business? Well, the HIV business is that we've got a commercial lens to our business, and we're generating revenue, so we shouldn't be ashamed of generating revenue. It's a good thing. What is more important to me is even the fact that we are building capabilities for the future. We have an organization in Europe. We have an organization in the U.S. We're calling on doctors. We've got MSLs on the ground. We're doing what mid-size, large-size pharma are doing, and that's going to be handy in the future, especially as the NASH program is going to unfold. I think there's going to be a long pre-launch phase associated with that. Having people on the ground with capabilities, having people who know inside out what EGRIFTA is all about will be a great asset for ourselves and also for a potential partner. The HIV business for now is important. It's generating revenues, and it allows us to build capabilities for the future. Thank you. Going back to the oncology platform, in terms of efficacy, are there any expectations coming out of our phase I? Christian? Maybe I will start with the objective of this phase I trial, which is really to determine what will be the maximum tolerated dose of the drug, which will be the dose that will be used in the phase II. As you know, that study is done in cancer patients that are advanced and are resistant to prior treatment. It is possible that we observe some efficacy, and this is why we think based on the number of cycles and the length of time it takes to confirm if there's a response. If we see an impact on the tumor shrinkage, we still need to wait to three months before we can confirm the response that we would be in a position to divulge some information in Q4 2021. That's great. Thank you, Christian. One additional question. In terms of safety, do we expect to see neutropenia at scheduled doses? Once again, this is the same thing. I cannot talk about the results or the doses we're at exactly at the moment. However, based on the animal data that we have seen and based on the tox program that we have conducted, we certainly do think that we won't see neutropenia at equimolar concentration of docetaxel, that we will be able to dose escalate higher than the dose of docetaxel presently used to treat cancer patients. Once again, we think that this data will firm up, and we'll probably be able to announce something in the fourth quarter of 2021. Wonderful. Thank you, Christian. I'd like to remind participants that if you would like to submit a question in writing, you can do so on our webcast platform. I will give a few seconds for additional questions to come in. There doesn't seem to be more questions coming in this morning. At this time, we will conclude this morning's earnings conference call. I would like to thank everyone for being on the call this morning. On behalf of everyone here at Theratechnologies, I wish you a very pleasant day. Thank you. Well, ladies and gentlemen, this does conclude today's presentation. You may now disconnect, and have a wonderful day.