We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Theravance Shares Rise on Approval of Glaxo's COPD Therapy
Read MoreHide Full Article
Theravance Biopharma, Inc.’s (TBPH - Free Report) shares rose almost 6.5% on Thursday following the approval of GlaxoSmithKline plc’s (GSK - Free Report) chronic obstructive pulmonary disease ("COPD") therapy, Trelegy Ellipta in Europe. Investors cheered the approval as Theravance has an economic interest on the royalties that Glaxo will pay to its partner Innoviva, Inc. (INVA - Free Report) on global sales of Trelegy Ellipta.
We note that Innoviva spun-off its biopharmaceutical operations in June 2014 into a subsidiary called Theravance Biopharma. As part of the spin-off agreement between the two entities, Theravance is eligible to receive 85% of any future payments paid by Glaxo in connection with GSK-Partnered Respiratory Programs.
Moreover, Glaxo is expected to pay Innoviva royalties in the range of 6.5% to 10% on global sales of Trelegy Elipta. Theravance will receive cash flows, which amount to approximately 5.5% to 8.5% of worldwide net sales of the drug.
However, Theravance’s shares are down 9.4% so far this year, underperforming the industry’s decline of 0.4%.
Trelegy Ellipta, a triple combination therapy, was granted marketing authorization in the EU as maintenance therapy for treatment of patients with COPD on Nov 16. It was approved in the United States in September this year. The product is expected to bring in blockbuster sales.
Meanwhile, earlier this week, Theravance submitted a new drug application to the FDA for its COPD candidate, revefenacin, which has been developed in partnership with Mylan . Revefenacin is nebulized long-acting muscarinic antagonist (“LAMA”). An approval will be a huge boost as patients who prefer nebulized therapy have no access to a nebulized LAMA.
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Theravance Shares Rise on Approval of Glaxo's COPD Therapy
Theravance Biopharma, Inc.’s (TBPH - Free Report) shares rose almost 6.5% on Thursday following the approval of GlaxoSmithKline plc’s (GSK - Free Report) chronic obstructive pulmonary disease ("COPD") therapy, Trelegy Ellipta in Europe. Investors cheered the approval as Theravance has an economic interest on the royalties that Glaxo will pay to its partner Innoviva, Inc. (INVA - Free Report) on global sales of Trelegy Ellipta.
We note that Innoviva spun-off its biopharmaceutical operations in June 2014 into a subsidiary called Theravance Biopharma. As part of the spin-off agreement between the two entities, Theravance is eligible to receive 85% of any future payments paid by Glaxo in connection with GSK-Partnered Respiratory Programs.
Moreover, Glaxo is expected to pay Innoviva royalties in the range of 6.5% to 10% on global sales of Trelegy Elipta. Theravance will receive cash flows, which amount to approximately 5.5% to 8.5% of worldwide net sales of the drug.
However, Theravance’s shares are down 9.4% so far this year, underperforming the industry’s decline of 0.4%.
Trelegy Ellipta, a triple combination therapy, was granted marketing authorization in the EU as maintenance therapy for treatment of patients with COPD on Nov 16. It was approved in the United States in September this year. The product is expected to bring in blockbuster sales.
Meanwhile, earlier this week, Theravance submitted a new drug application to the FDA for its COPD candidate, revefenacin, which has been developed in partnership with Mylan . Revefenacin is nebulized long-acting muscarinic antagonist (“LAMA”). An approval will be a huge boost as patients who prefer nebulized therapy have no access to a nebulized LAMA.
Theravance has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Theravance Biopharma, Inc. Price
Theravance Biopharma, Inc. Price | Theravance Biopharma, Inc. Quote
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>