earnings
confidence high
sentiment positive
materiality 0.80
Theravance Biopharma Q3 2022: YUPELRI sales up 35% YoY; $1.1B TRELEGY deal closed; debt-free
Theravance Biopharma, Inc.
2022-Q3 EPS reported
$11.66
revenue$36,697,000
- Implied 35% share of YUPELRI net sales $18.7M, up 35% YoY; Viatris collaboration revenue $12.4M.
- Closed TRELEGY royalty sale to Royalty Pharma for ~$1.1B upfront; gain of $1.14B; now debt-free with $486.8M cash.
- Initiated $250M capital return; purchased GSK's 9.6M shares at $9.75/shr; Dutch tender up to $95M extended to Nov 17.
- Operating expenses guidance: R&D $45-55M, SG&A $35-45M for FY2022 (excl. share-based comp and one-time costs).
- Ampreloxetine Phase 3 study (CYPRESS) in MSA patients with nOH to start Q1 2023.