Strong Financial Performance
Royalty Receipts grew by 12% in the first quarter, reflecting the strength of the diversified portfolio. Portfolio Receipts, including milestone payments, grew by 17% to $839 million.
Dynamic Capital Allocation
Royalty Pharma repurchased $723 million of shares in the first quarter and announced a plan to repurchase up to $2 billion of shares in 2025, while also deploying over $100 million on value-creating royalty transactions.
Portfolio Expansion
Expansion of the development stage pipeline with a Phase 3 R&D funding collaboration with Biogen for litifilimab in lupus, and advancement of trontinemab into Phase 3 in Alzheimer’s disease.
Raised 2025 Financial Guidance
Increased full-year guidance for Portfolio Receipts to $2.975 billion to $3.125 billion, driven by the diversified portfolio's strength and a tailwind from weakening U.S. dollars.
Positive Phase 3 Results for Ecopipam
Reported positive Phase 3 results for ecopipam in Tourette’s syndrome, showing significant benefit and safety, with plans for FDA submission.