Inova Technology, Inc. (INVA) Tops Q4 EPS by 3c

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Go back to Inova Technology, Inc. (INVA) Tops Q4 EPS by 3c

Innoviva Reports Fourth Quarter and Full Year 2015 Financial Results

February 3, 2016 4:05 PM EST

SOUTH SAN FRANCISCO, CA -- (Marketwired) -- 02/03/16 -- Innoviva, Inc. (NASDAQ: INVA) today reported financial results for the fourth quarter and full year ended December 31, 2015. Net income for the fourth quarter of 2015 was $4.3 million or $0.04 per share, representing the Company's first quarterly net income since inception. This is compared to a net loss of $4.6 million in the third quarter or $(0.04) per share.

Royalties from sales of RELVAR/BREO ELLIPTA and ANORO ELLIPTA earned from Glaxo Group Limited (GSK) during the fourth quarter of 2015 grew by 55 percent quarter over quarter to reach $26.1 million. Income from... More