Welcome to our dedicated page for Theravance Bioph news (Ticker: TBPH), a resource for investors and traders seeking the latest updates and insights on Theravance Bioph stock.
Theravance Biopharma, Inc. reports biopharmaceutical developments centered on YUPELRI® (revefenacin) inhalation solution, an FDA-approved maintenance treatment for chronic obstructive pulmonary disease. Company updates commonly address YUPELRI collaboration revenue, U.S. net sales recognized by Viatris, hospital-channel demand, brand profitability, and intellectual-property matters related to generic challenges.
Theravance news also covers portfolio changes following the Phase 3 CYPRESS study of ampreloxetine in symptomatic neurogenic orthostatic hypotension due to multiple system atrophy, including the decision to wind down that program. Recurring corporate updates include cost-reduction actions, operating expense trends, TRELEGY milestone economics reported by GSK, cash position, and governance or capital-allocation reviews.
Theravance Biopharma (NASDAQ: TBPH) announced a $95 million modified Dutch auction tender offer to repurchase its ordinary shares. The company will buy shares at prices between $9.75 and $10.50 each through November 10, 2022. As of September 27, 2022, there are 67,365,912 shares outstanding. If fully subscribed, the offer could buy approximately 13.4% to 14.5% of outstanding shares. The offer is not contingent on a minimum number of shares being tendered, and will be funded using cash on hand.
Theravance Biopharma (NASDAQ: TBPH) announced a $250 million capital return program, which includes buying GSK's 9.6 million shares at $9.75 each. This acquisition closes on September 20, 2022. The Company will soon launch a Dutch auction tender offer to repurchase approximately $95 million of its ordinary shares, followed by an Open Market Stock Repurchase Plan for an additional $60 million. The capital return aims to enhance shareholder value and is expected to be completed by the end of 2023.
Theravance Biopharma (NASDAQ: TBPH) will participate in two upcoming investor conferences: the Morgan Stanley 20th Annual Global Healthcare Conference on September 13 at 11:10 am ET and the H.C. Wainwright 24th Annual Global Investment Conference on September 14 at 1:30 pm ET. Both events will be webcast, accessible via Theravance.com. The company focuses on delivering innovative medicines, including the FDA-approved YUPELRI® for COPD. Event replays will be available for 30 days.
Theravance Biopharma (TBPH) reported strong Q2 2022 results with record net sales of YUPELRI® (revefenacin) at $17.2M, up 17% year-over-year. The company is advancing Ampreloxetine towards NDA filing after discussions with the FDA, requiring one additional Phase 3 study. A significant deal involved selling TRELEGY ELLIPTA royalty interests to Royalty Pharma for an upfront cash of $1.1 billion, potentially exceeding $1.5 billion in total value. The company anticipates becoming cash flow positive by the end of 2022.
Theravance Biopharma (NASDAQ: TBPH) will report its Q2 2022 financial results and provide a business update on August 4, 2022, after market close. A conference call will follow at 5:00 pm ET. The call can be accessed via phone or streamed online through the company's website. A replay will be available for 30 days post-call. Theravance is focused on delivering innovative medicines, including its FDA-approved YUPELRI® for COPD management.
Theravance Biopharma (NASDAQ: TBPH) announced a tender offer to purchase all outstanding 3.25% Convertible Senior Notes due 2023, totaling $230 million in aggregate principal. Investors will receive $1,000 for each $1,000 of notes, plus accrued interest, if accepted. The offer expires on August 23, 2022. The company plans to fund the purchase with cash on hand. The offer is subject to certain conditions, and no minimum amount of notes is required to be tendered.
Theravance Biopharma announced an agreement to sell its 85% interest in GSK's TRELEGY ELLIPTA royalty rights to Royalty Pharma for over $1.5 billion in potential value, including approximately $1.1 billion upfront. The deal aims to enhance shareholder value by eliminating debt and returning capital. Additionally, Royalty Pharma will invest $40 million to advance ampreloxetine development for MSA. Following the transaction, Theravance expects to have $430 million in cash and aims for breakeven cash flow in the second half of 2022.
Theravance Biopharma (NASDAQ: TBPH) reported Q1 2022 revenue of $13.2 million, a $1.1 million decrease from Q1 2021, due to the end of Janssen collaboration revenue. YUPELRI® net sales were $15.3 million, up 19% year-over-year, while TRELEGY's net sales hit $454 million, a 33% increase. R&D expenses dropped to $23.3 million from $67.6 million, and SG&A expenses fell to $19.1 million from $30.6 million. The operating loss decreased to $38.5 million compared to $83.9 million in the same period last year. The company expects to achieve sustainable cash-flow positivity in the second half of 2022.
Theravance Biopharma (NASDAQ: TBPH) will announce its first quarter 2022 financial results on May 5, 2022, after market close. A conference call will follow at 5:00 pm ET, providing insights into the company's performance. Investors can join via phone or by visiting the company’s website. A replay will be accessible for 30 days post-call. Theravance specializes in respiratory medicines, including the FDA-approved YUPELRI for chronic obstructive pulmonary disease (COPD). The company also has economic interests related to certain programs with GSK.
Theravance Biopharma (NASDAQ: TBPH) will present at the 21st Annual Needham Virtual Healthcare Conference on April 13, 2022, at 1:30 pm ET. A webcast of the presentation can be accessed on the company's website under the Investors section and will be available for 30 days post-event.
The company focuses on developing respiratory medicines, with its notable product being YUPELRI® for COPD treatment. Additionally, it has economic interests related to programs involving Glaxo Group Limited.