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Finance Watch: Theravance Eliminates Debt In $1.1bn Trelegy Royalty Sell-Off

Also, Ultragenyx Leverages Crysvita Royalties In $500m Deal

Executive Summary

Public Company Financings: Theravance sold its 85% interest in Trelegy royalties from GSK and Innoviva sold its 15% interest for up to $1.8bn in total. Also, ProKidney grossed $597m from its SPAC merger, Pliant raised $200m in a post-Phase IIa offering and Marinus earned $110m in a PRV sale.

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