Welcome to our dedicated page for Roivant Sciences news (Ticker: ROIV), a resource for investors and traders seeking the latest updates and insights on Roivant Sciences stock.
Roivant Sciences (ROIV) is a commercial-stage biopharmaceutical company pioneering accelerated drug development through its innovative 'vant' subsidiary model. This dedicated news hub provides investors and industry stakeholders with timely updates on clinical milestones, regulatory developments, and strategic partnerships.
Our curated collection of ROIV press releases and verified news articles serves as a comprehensive resource for tracking the company's progress in immunology, dermatology, and autoimmune therapeutics. Users will find updates spanning clinical trial results, FDA communications, licensing agreements, and operational developments across Roivant's network of specialized subsidiaries.
The page features essential updates including new drug applications, partnership announcements with academic institutions, and pipeline expansion into novel therapeutic areas. All content is organized chronologically to help users monitor the company's execution of its unique drug development strategy.
Bookmark this page for direct access to primary source materials from Roivant Sciences, including SEC filings and peer-reviewed research collaborations. Check regularly for updates on how the company's agile approach continues to reshape biopharmaceutical innovation.
Roivant (Nasdaq: ROIV) reported financial results for Q1 2024 and provided a business update. Key highlights include:
- Immunovant completed enrollment in batoclimab pivotal myasthenia gravis trial
- Brepocitinib advancing to Phase 3 in non-infectious uveitis
- VTAMA net product revenue of $18.4M for Q1
- Consolidated cash of $5.7B as of June 30, 2024
Upcoming milestones:
- VTAMA PDUFA for atopic dermatitis in Q4 2024
- Namilumab Phase 2 data in sarcoidosis in Q4 2024
- Brepocitinib Phase 3 data in dermatomyositis in 2H 2025
- Multiple Immunovant clinical readouts expected through 2025
Q1 2024 financials:
- R&D expenses: $133.2M
- SG&A expenses: $148.5M
- Net income: $57.5M ($0.13 per share)
Roivant (Nasdaq: ROIV) has announced it will host a live conference call and webcast on Thursday, August 8, 2024, at 8:00 a.m. ET to report its financial results for the first quarter ended June 30, 2024, and provide a business update. Interested parties can register for the conference call online. The presentation and webcast details will be available in the Investors section of Roivant's website under 'Events & Presentations'. An archived version of the webcast will be accessible on the company's website after the conference call concludes.
Roivant (Nasdaq: ROIV) reported its Q4 and FY2024 results, highlighting strong performance in clinical trials and significant debt reductions.
Key points include:
- Brepocitinib showed the best treatment failure rates in non-infectious uveitis (NIU), supporting a pivotal program initiation in H2 2024.
- VTAMA net product revenue reached $75.1M, with over 385,000 prescriptions since launch.
- Roivant renegotiated Dermavant’s debt, reducing potential cash payments by over $300M, with $225M savings expected over the next three fiscal years.
- The company has $6.6B in cash, supporting a runway into profitability.
- A $1.5B share repurchase program was approved, reducing outstanding shares by 9%.
- Net loss for Q4 was $108M, while annual R&D expenses decreased by $23.5M.
Roivant (Nasdaq: ROIV) announced a live conference call and webcast scheduled for 8:00 a.m. ET on May 30, 2024, to discuss its fourth-quarter and fiscal year results ending March 31, 2024. The company will also provide a business update during this session. Investors can register online for the conference call. The presentation will be available under the 'Events & Presentations' section of Roivant’s website, where the archived webcast will also be accessible post-call.
FAQ
What is the current stock price of Roivant Sciences (ROIV)?
What is the market cap of Roivant Sciences (ROIV)?
