Innoviva (INVA) Stock News

Innoviva Specialty Therapeutics announces the U.S. commercial launch of ZEVTERA® (ceftobiprole), an advanced-generation cephalosporin antibiotic. ZEVTERA is the first and only FDA-approved cephalosporin for treating three types of bacterial infections, including Staphylococcus aureus bacteremia (SAB) with right-sided endocarditis caused by MRSA. The drug demonstrated non-inferiority to daptomycin in Phase 3 ERADICATE study, with success rates of 69.8% vs 68.7%. ZEVTERA received Priority Review, Fast Track, and Qualified Infectious Disease Product designations. This marks Innoviva's second novel therapy launch in two years targeting drug-resistant pathogens. The drug addresses a significant medical need, as over 100,000 people in the U.S. experience bacteremia annually, with nearly 20,000 deaths. Innoviva acquired exclusive U.S. marketing rights from Basilea Pharmaceutica in December 2024.

Innoviva (NASDAQ: INVA) reported its Q1 2025 financial results, demonstrating mixed performance. The company's core royalty revenue from GSK remained strong at $61.3M, while Innoviva Specialty Therapeutics achieved $26.4M in U.S. net product sales, marking 52% YoY growth. Despite operational growth with income from operations increasing 61% to $41.4M, the company reported a net loss of $46.6M, primarily due to unfavorable changes in equity investments. Key developments include the upcoming NDA filing for zoliflodacin and planned U.S. launch of ZEVTERA® in mid-2025. The company maintains a strong balance sheet with $319.1M in cash and cash equivalents and continues strategic investments in healthcare assets, valued at $457.6M as of March 31, 2025.

Armata Pharmaceuticals (NYSE American: ARMP) has secured a $10 million credit agreement with Innoviva Strategic Opportunities , its largest shareholder. The loan facility comes with a 14.0% annual interest rate and matures on March 12, 2026.

The proceeds will support the development of Armata's lead therapeutic phage candidates: AP-PA02 targeting Pseudomonas aeruginosa infections and AP-SA02 for Staphylococcus aureus infections. The funding will specifically enable the company to complete its Phase 1b/2a trial in acute Staphylococcus aureus bacteremia and prepare for an end-of-Phase 2 FDA meeting.

Additionally, Armata amended three existing credit agreements with Innoviva, extending their maturity dates to March 12, 2026. The company continues to seek additional funding sources, including non-dilutive options, to support late-stage clinical trials.

Innoviva (NASDAQ: INVA), a diversified holding company, has announced its participation in the Barclays 27th Annual Global Healthcare Conference in Miami, FL. CEO Pavel Raifeld will engage in a fireside chat on Tuesday, March 11, 2025, at 8:30 a.m. Eastern Time.

The company, which maintains a core royalties portfolio and operates the Innoviva Specialty Therapeutics (IST) platform focusing on critical care and infectious diseases, will provide a live webcast of the presentation. Investors can access the webcast through the Investor Relations section of Innoviva's website under 'Events & Presentations' at investor.inva.com/presentations-events. The presentation recording will remain available for replay for 90 days after the event.

Innoviva (NASDAQ: INVA) reported strong financial results for Q4 and full year 2024. GSK royalties reached $66.0M in Q4 and $255.6M for the full year. The company's Specialty Therapeutics division achieved significant growth with U.S. net product sales of $24.9M in Q4 and $80.9M for 2024, representing 47% year-over-year growth.

Q4 net income was $20.3M ($0.32 per share), while full-year net income reached $23.4M ($0.37 per share). The company ended 2024 with $305.0M in cash and $86.4M in receivables.

Key developments include acquiring U.S. rights to ZEVTERA®, planning for mid-2025 launch, and positive Phase 3 data for zoliflodacin. Product performance showed strong results: GIAPREZA® ($53.4M), XERAVA® ($12.8M), and XACDURO® ($14.7M) in annual U.S. sales. The company forecasts U.S. net product sales to exceed $100M in 2025.

Innoviva (NASDAQ: INVA), a diversified holding company, has announced its participation in the upcoming Oppenheimer 35th Annual Healthcare Life Sciences Conference. CEO Pavel Raifeld will deliver a podium presentation on Tuesday, February 11, 2025, at 2:00 p.m. Eastern Time.

The company, which maintains a core royalties portfolio and operates the Innoviva Specialty Therapeutics (IST) platform focusing on critical care and infectious diseases, will present at the virtual conference. Interested parties can access a live webcast of the presentation through the Investor Relations section of Innoviva's website. The presentation recording will remain available for replay for 90 days after the event.

Innoviva Specialty Therapeutics (IST), a subsidiary of Innoviva (NASDAQ: INVA), has secured exclusive U.S. distribution and licensing rights for Zevtera® (ceftobiprole) from Basilea Pharmaceutica. The FDA-approved advanced-generation cephalosporin antibiotic is notably the only MRSA cephalosporin antibiotic approved for treating adult patients with Staphylococcus aureus bloodstream infections and endocarditis.

The agreement involves a $4 million upfront payment plus tiered royalties and sales milestones. IST plans to launch Zevtera commercially in mid-2025. The drug received FDA approval in April 2024 for three indications: SAB including right-sided infective endocarditis, ABSSSI in adults, and CABP in both adults and pediatric patients.

Innoviva (NASDAQ: INVA), a diversified holding company with a core royalties portfolio and a leading critical care and infectious disease platform, announced its participation in the Citi 2024 Global Healthcare Conference. CEO Pavel Raifeld will join a fireside chat on December 5, 2024, at 8:45 a.m. Eastern Time in Miami, FL. A live webcast of the chat will be available under the 'Events & Presentations' section on Innoviva's website. The webcast will remain accessible for replay for 90 days.

Innoviva (NASDAQ: INVA), a diversified holding company with a core royalties portfolio and a critical care and infectious disease platform, announced its management's participation in a fireside chat at the UBS Global Healthcare Conference in Ranch Palos Verdes, CA.

The event will take place on Wednesday, November 13, 2024, at 10:15 a.m. Pacific Time. A live webcast can be accessed under the 'Events & Presentations' section of Innoviva's Investor Relations website. The webcast will be available for replay for 90 days after the event.