earnings
confidence high
sentiment negative
materiality 0.70
Theravance Biopharma Q3 2024: YUPELRI sales record $62.2M (+7%); net loss widens; board forms strategic review
Theravance Biopharma, Inc.
2024-Q3 EPS reported
-$0.84
revenue$45,627,000
- Total revenue $16.9M (Viatris collab); implied YUPELRI net sales $62.2M all-time high (7% YoY, 14% QoQ).
- Net loss $12.7M vs $9.0M YoY; non-GAAP net loss from operations $2.9M vs $0.7M.
- TRELEGY milestone: Q4 sales ~$260M needed for $25M payment, ~$610M for $50M; YTD sales $2.6B.
- Board forms Strategic Review Committee to assess alternatives to unlock shareholder value.
- CYPRESS (ampreloxetine) open-label enrollment on track for mid-2025 completion; data ~6 months later.