Theravance To Split Into A Royalty Play and An R&D Company
This article was originally published in The Pink Sheet Daily
Executive Summary
With a pair of PDUFA dates this year, Theravance is thinking ahead how to pass potential royalties to investors while continuing to fund its pipeline. The biopharma said it would separate into two public companies: a royalty play to return cash to shareholders and an R&D pipeline story.
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