Roivant Sciences reports Q1 EPS (33c), consensus (23c)

Reports Q1 revenue $2.17M, consensus $6.92M. “I am proud of our continued execution in this quarter, including clinical progress across our programs and the completion of our initial $1.5 billion share repurchase program,” said Matt Gline, CEO of Roivant. “I am very excited for the year ahead of us – including the near-term readout of our DM trial and preparations for the potential launch of brepocitinib, which could bring meaningful benefit to patients with high unmet need. Our board has also approved an additional buyback program, reflecting our commitment to return capital to shareholders and to increase our exposure to our existing and future programs.”