Innoviva Inc (INVA) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Innoviva Inc (INVA) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.06. The company posted revenue of $24.17 million in the period, compared to analysts expectations of $24.96 million. The company’s revenue was up 250.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Innoviva Inc. formerly Theravance Inc. is an asset management company that is focused on the development commercialization and financial management of bio-pharmaceuticals. The Company is focused on managing its respiratory assets partnered with Glaxo Group Limited (GSK) including RELVAR/BREO ELLIPTA (fluticasone furoate/ vilanterol FF/VI) and ANORO ELLIPTA (umeclidinium bromide/ vilanterol UMEC/VI) with the intention of providing capital returns to stockholders. Its RELVAR/BREO is a once-a-day combination inhaled respiratory medicine consisting of vilanterol (VI) a long-acting beta2 agonist (LABA) and fluticasone furoate (FF) an inhaled corticosteroid (FF/VI) delivered through the ELLIPTA dry powder inhaler. Its ANORO ELLIPTA is a dual bronchodilator consisting of umeclidinium (UMEC) a long-acting muscarinic antagonist (LAMA) and vilanterol (VI) which is used for the treatment of chronic obstructive pulmonary diseases (COPD).

Innoviva Inc

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