Theravance Biopharma (NASDAQ: TBPH) reported Q3 EPS of ($1.10), $0.05 better than the analyst estimate of ($1.15). Revenue for the quarter came in at $12.8 million versus the consensus estimate of $14.06 million.

Rick E Winningham, chairman and chief executive officer, commented: "The steps we have taken over the course of the year reflect a focus on our strategic priorities, placing us in an optimal position as we approach 2019. The decision to sell VIBATIV® to Cumberland Pharmaceuticals allows our commercial organization to concentrate exclusively on the potential launch of YUPELRI, which if approved will be the first once-daily nebulized LAMA for the treatment of COPD. We are eager to bring this potential medicine to patients and remain on track with an assigned PDUFA date of November 13. Meanwhile, the rapid uptake in scripts for GSK's Trelegy Ellipta in its first full year on the market remains extremely impressive. Our economic interest in the first and only once-daily single-inhaler triple therapy represents an important strategic asset to the Company. Earlier this year, we established proof of concept in patients with highly encouraging clinical results for TD-1473 in ulcerative colitis and TD-9855 in nOH, and we are driving both programs to begin late-stage studies in the near term. We also approach the first-in-human studies of TD-8236, our novel inhaled JAK inhibitor for serious respiratory diseases. Finally, we look forward to discussing the insight and innovation in our early-stage assets at our 2018 R&D Day next month."

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