Exhibit 99.1
Theratechnologies Announces Resumed Production of EGRIFTA SV®
MONTREAL, December 3, 2024 (GLOBE
NEWSWIRE) Theratechnologies Inc. (Theratechnologies or the Company) (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, today announced that
the production of EGRIFTA SV® has resumed following a voluntary shutdown of the Companys contract manufacturers facility
to address observations from an inspection by the US Food and Drug Administration (FDA).
One newly manufactured batch of EGRIFTA SV® has completed standard quality control and will be available for release to the market upon approval from the FDA of a Prior Approval Supplement, which the Company is expected to file
around mid-December 2024. The manufacturing of two additional batches of EGRIFTA SV® is currently underway. The Company implemented
measures to carefully manage existing inventory levels of EGRIFTA SV® to meet patient demand until mid-January 2025.
Theratechnologies continues to collaborate closely with the relevant divisions of the FDA and other key stakeholders to avoid a shortage at the patient level
in 2025.
The Company will update the market on any further material developments.
EGRIFTA SV® is distributed in the United States only.
About Theratechnologies
Theratechnologies (TSX: TH)
(NASDAQ: THTX) is a biopharmaceutical company focused on the development and commercialization of innovative therapies addressing unmet medical needs. Further information about Theratechnologies is available on the Companys website at
www.theratech.com, on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Follow Theratechnologies on Linkedin and Twitter.
Forward-Looking Information This press release contains forward-looking statements and forward-looking information (collectively, the
Forward-Looking Statements) within the meaning of applicable securities laws, that are based on managements beliefs and assumptions and on information currently available to it. You can identify forward-looking statements by terms
such as may, will, should, could, promising, would, outlook, believe, plan, envisage, anticipate, expect
and estimate, or the negatives of these terms, or variations of them.
The Forward-Looking Statements contained in this press release include,
but are not limited to, statements regarding the release of the newly manufactured batch of EGRIFTA SV®, the time period related to the filing of the PAS and the availability of
EGRIFTA SV® to patients.