- Theravance Biopharma press release (NASDAQ:TBPH): Q4 GAAP EPS of -$0.15 beats by $0.02.
- Revenue of $14.6M (-2.3% Y/Y) misses by $1.13M.
- Discontinuing investments in research, reducing headcount by approximately 17%.
- Increases capital return program to $325 million from $250 million; as of Feb. 27, approximately $170 million remains in the program.
- Commits to declassify the board of directors.
- Reaffirms expectation that co will generate non-GAAP profit in 2H 2023.
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