BoC Reports 3.59M Shares of Innoviva, Passive 5.55% Holding

Rhea-AI Filing Summary

Bank of Nova Scotia reported ownership of 3,585,830 shares of Innoviva, Inc. common stock, representing 5.55% of the class, on a Schedule 13G/A filing. The bank identifies itself as a parent holding company organized in Canada and states the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Innoviva. The filing lists sole voting and dispositive power over the reported shares and supplies Innoviva's principal executive office address.

Positive

• Disclosure of a material stake: The filing transparently reports a >5% position (3,585,830 shares; 5.55%), meeting regulatory requirements.
• Explicit non-control certification: The filer states the shares are held in the ordinary course of business and not to influence control, which reduces immediate governance concerns.

Negative

• None.

Insights

Financial Analyst

TL;DR A large financial institution holds a disclosed passive stake just above 5%, notable but not disclosed as an activist intent.

The 5.55% stake held by Bank of Nova Scotia is material because it crosses the 5% reporting threshold, which can attract investor attention. However, the filer certifies the position is held in the ordinary course of business and not intended to influence control, suggesting a passive ownership profile. For valuation or trading impact, markets typically view such Schedule 13G filings as transparency events rather than immediate catalysts unless followed by further disclosures or actions.

Corporate Governance Expert

TL;DR Disclosure signals a material passive stake; no governance change signaled by this filing.

The filing classifies Bank of Nova Scotia as a parent holding company and explicitly certifies non-control intent, which limits immediate governance implications. Because voting and dispositive powers are reported as sole for the entire position, the bank could influence votes if it chose to, but the certification indicates no current plan to do so. Investors and the issuer should monitor for any subsequent Schedule 13D or 13G amendments that would indicate active engagement.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Innoviva, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

45781M101

(CUSIP Number)

08/29/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 45781M101

1

Names of Reporting Persons

BANK OF NOVA SCOTIA

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,585,830.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,585,830.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,585,830.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.55 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Innoviva, Inc.
(b)	Address of issuer's principal executive offices: 1350 OLD BAYSHORE HIGHWAY, SUITE 400, BURLINGAME, CALIFORNIA 94010
Item 2.
(a)	Name of person filing: BANK OF NOVA SCOTIA
(b)	Address or principal business office or, if none, residence: 40 TEMPERANCE STREET TORONTO, Ontario, Canada M5H 0B4
(c)	Citizenship: BANK OF NOVA SCOTIA - CANADA (FEDERAL LEVEL)
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 45781M101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	a parent holding company, in accordance with 13d-1(b)(1)(ii)(g)
Item 4.	Ownership
(a)	Amount beneficially owned: 3,585,830
(b)	Percent of class: 5.55 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: BANK OF NOVA SCOTIA - 3,585,830
	(ii) Shared power to vote or to direct the vote: BANK OF NOVA SCOTIA - 0
	(iii) Sole power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 3,585,830
	(iv) Shared power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to The Bank of Nova Scotia is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF NOVA SCOTIA

Signature:	Raj Sachdeva
Name/Title:	Vice President, Head of GBM&T, Compliance Canada
Date:	09/03/2025

FAQ

How many Innoviva (INVA) shares does Bank of Nova Scotia own?

The filing reports 3,585,830 shares beneficially owned.

What percentage of INVA does Bank of Nova Scotia hold?

The reported stake represents 5.55% of Innoviva's common stock class.

Is the Bank of Nova Scotia seeking to influence control of Innoviva (INVA)?

No; the filing certifies the shares are not acquired or held to change or influence control of the issuer.

What voting and dispositive powers does the filer report for INVA shares?

The filer reports sole voting power and sole dispositive power over all 3,585,830 shares, with no shared powers.

What type of reporting person filed the Schedule 13G/A for INVA?

The Schedule identifies the filer as a parent holding company organized in Canada.