Theravance's Q3 Loss Narrower Than Expected, Revenues Rise Y/Y
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Theravance Biopharma (TBPH) reported a narrower-than-expected loss for Q3, with revenues rising year-over-year. The company beat estimates for both sales and earnings, driven by increased collaboration revenues from Viatris.
November 13, 2024 | 5:45 pm
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Theravance Biopharma reported better-than-expected Q3 results, with a narrower loss and increased revenues, driven by collaboration with Viatris.
Theravance's Q3 performance exceeded expectations, with both sales and earnings surpassing estimates. The increase in collaboration revenues from Viatris contributed significantly to the year-over-year revenue growth, indicating a positive short-term impact on TBPH's stock price.
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