earnings
confidence high
sentiment neutral
materiality 0.70
Roivant Q2 loss $236.8M; Dermavant deal closed; cash $5.4B; brepocitinib NIU data
Roivant Sciences Ltd.
2024-Q2 EPS reported
-$0.18
revenue$12,465,000
- Q2 loss from continuing ops $236.8M ($0.25 EPS); R&D $143.1M; G&A $202.9M up $114.3M YoY on retention awards.
- Dermavant transaction closed Oct 28: Roivant received $184M cash; Organon assumed $336M debt; $75M milestone pending VTAMA FDA approval for atopic dermatitis.
- Consolidated cash, cash equivalents and marketable securities ~$5.4B at Sep 30, 2024.
- Share repurchases $106M in Q2; cumulative $754M (incl. Sumitomo stake buyback).
- Pipeline: brepocitinib Phase 2 NIU 52-wk data shows sustained efficacy; batoclimab GD 76% response; mosliciguat PVR reduction ~38%.