YUPELRI Sales Growth
YUPELRI achieved a record high in quarterly net sales, reaching $62.2 million, with 7% year-over-year growth and 14% quarter-on-quarter growth. Hospital doses increased 40% year-over-year.
TRELEGY Sales and Milestones
GSK's TRELEGY sales increased 17% to $789 million in Q3, with year-to-date sales up 30% to $2.6 billion. Theravance is positioned to achieve a $50 million sales milestone in 2024, with potential for $150 million in additional milestones in 2025 and 2026.
Financial Performance
Theravance reported $16.9 million in collaboration revenue, marking an 8% increase from last year. G&A expenses decreased by 21% year-to-date, and share-based compensation was reduced by 21% compared to last year.
Strategic Initiatives
Theravance formed a Strategic Review Committee to explore alternatives for unlocking company value, with Lazard acting as a financial advisor.