Jun. 26 at 10:13 AM
$TBPH full of cash, "Theravance Biopharma (NASDAQ:TBPH) announced that its partner Viatris has received approval from China's NMPA for YUPELRI® (revefenacin), the first once-daily nebulized LAMA for COPD maintenance treatment in China.
The approval triggers a
$7.5 million milestone payment to TBPH, with potential for additional sales-based milestones up to
$37.5 million and tiered royalties of 14% to 20% on net sales in China. Viatris will handle all commercialization aspects.
TBPH's financial position includes
$131 million in cash,
$225 million from TRELEGY royalties sale to GSK, 35% of U.S. YUPELRI profits, and up to
$150 million in potential TRELEGY milestone payments." https://www.stocktitan.net/news/TBPH/theravance-biopharma-announces-approval-of-yupelri-revefenacin-by-93dupui8ifq3.html