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Theravance Biopharma to Buy Zymeworks for $17, Deal Pending

Theravance Biopharma logoTheravance Biopharma
Sig2.80Sen+3.20Env0.00Soc0.00Gov0.00
Zymeworks logoZymeworks
Sig2.20Sen+1.30Env0.00Soc0.00Gov+0.60

Theravance Biopharma reported Q2 2026 revenue of $20.7 million, all from Viatris collaboration revenue tied to YUPELRI, up 11% year over year. Implied YUPELRI net sales to the company rose 7% to $24.7 million. TRELEGY net sales reported by GSK were about $1.0 billion, with high confidence in a $100 million 2026 milestone payment. The company expects to close the Zymeworks transaction in the second half of 2026, subject to shareholder approval and customary conditions.

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