Theravance Biopharma, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:29 pm EST
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Theravance Biopharma, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 15.69 million compared to USD 12.45 million a year ago. Net loss was USD 8.95 million compared to net income of USD 916.63 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.21 a year ago. Basic loss per share was USD 0.17 compared to basic earnings per share of USD 12.14 a year ago.
For the nine months, revenue was USD 39.86 million compared to USD 36.7 million a year ago. Net loss was USD 46.68 million compared to net income of USD 882.49 million a year ago. Basic loss per share from continuing operations was USD 0.81 compared to USD 1.04 a year ago. Basic loss per share was USD 0.81 compared to basic earnings per share of USD 11.66 a year ago.
Theravance Biopharma, Inc. is a biopharmaceutical company primarily focused on the development, and commercialization of medicines. Its product, YUPELRI (revefenacin) inhalation solution is indicated for the maintenance treatment of patients with chronic obstructive pulmonary disease (COPD). YUPELRI is a prescription medicine used to treat COPD, a long-term lung disease that includes chronic bronchitis, emphysema, or both. YUPELRI is an anticholinergic medicine, which helps the muscles around the airway in lungs stay relaxed to prevent symptoms, such as wheezing, shortness of breath and others. Its pipeline of internally discovered programs is targeted to address unmet patient needs. Ampreloxetine, its late-stage investigational norepinephrine reuptake inhibitor in development for symptomatic neurogenic orthostatic hypotension. Its Selective 5-HT4 Agonist (TD-8954) is a selective 5-HT4 receptor agonist, which is developed for the treatment of gastrointestinal motility disorders.
THERAVANCE BIOPHARMA, INC. 
