earnings
confidence high
sentiment positive
materiality 0.65
Theravance Biopharma Q2 2023: YUPELRI sales up 12% YoY; $80.5M in share buybacks
Theravance Biopharma, Inc.
2023-Q2 EPS reported
-$0.63
revenue$24,166,000
- YUPELRI net sales recognized by Viatris: $55.0M, up 12% YoY; Theravance's 35% share implies $19.3M.
- YUPELRI retail TRx and new-to-product TRx hit all-time highs, up 26% and 53% YoY (Symphony Health).
- PIFR-2 enrollment nearing completion; top-line data late Q4 2023, disclosure expected Jan 2024.
- $80.5M share repurchases in Q2 2023 ($263.8M cumulative); $61.2M remaining in $325M program to complete by year-end.
- TRELEGY ELLIPTA Q2 global net sales $760M (+29% YoY); $50M milestone from Royalty Pharma if 2023 sales ≥ $2.9B.