Theravance Biopharma (TBPH) Tops Q3 EPS by 4c
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Theravance Biopharma, Inc. Reports Third Quarter 2015 Financial Results and Provides Business Update
November 9, 2015 4:05 PM ESTDUBLIN, IRELAND -- (Marketwired) -- 11/09/15 -- Theravance Biopharma, Inc. (NASDAQ: TBPH) ("Theravance Biopharma" or the "Company") today reported financial results for the third quarter ending September 30, 2015. Revenue for the third quarter of 2015 was $10.7 million. Net loss for the third quarter of 2015 was $47.3 million, or $1.40 per share. Cash, cash equivalents, and marketable securities, excluding restricted cash, totaled $196.0 million as of September 30, 2015. The quarter-end cash balance excludes $55.0 million of gross proceeds from the recently completed sale of ordinary shares by the Company and $19.6 million in receivables from collaborative arrangements.
"We continue to make important... More
