Innoviva is a company that is transitioning from a pure royalty-based business to a diversified healthcare company with commercial products and strategic assets. I have rated Innoviva as a buy with a probability-weighted fair value of $35.26 and a base case value of $36.92. This represents a 68.1% upside from here. GSK royalties have been a main source of revenue and are now under pressure. But new therapeutic products have been ramping up to close the gap left by royalties.
Innoviva (INVA) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.77 per share a year ago.
Innoviva, Inc. (INVA) Presents at Goldman Sachs 47th Annual Global Healthcare Conference 2026 Transcript
| Biotechnology Industry | Healthcare Sector | Pavel Raifeld CEO | XSTU Exchange | 45781M101 CUSIP |
| US Country | 159 Employees | 30 Sep 2015 Last Dividend | 3 Jun 2014 Last Split | 5 Oct 2004 IPO Date |
Innoviva, Inc., originally known as Theravance, Inc. until its name change in January 2016, is a pharmaceutical company based in Burlingame, California. Established in 1996, the company operates both in the United States and internationally, focusing on the development and commercialization of pharmaceutical products. Innoviva is involved in strategic partnerships, including one with Sarissa Capital Management LP and a collaboration agreement with Glaxo Group Limited for the development and commercialization of once-daily products for chronic obstructive pulmonary disease and asthma. The company's efforts are primarily directed towards medicines for respiratory diseases, bacterial infections, and other specialized conditions.
In addition to these marketed products, Innoviva is also developing zoliflodacin, a late-stage product candidate, which represents a potential single oral dose cure for the treatment of uncomplicated gonorrhea, illustrating the company's commitment to addressing global public health concerns.