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Innoviva (INVA) investor relations material
Innoviva Piper Sandler 37th Annual Healthcare Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business overview and strategy
Operates a diversified model with royalty-based respiratory assets, a fast-growing specialty therapeutics business, and a strategic healthcare investment portfolio valued at $500 million.
Royalty business generates about $250 million annually from Breo and Anoro, with strong patent protection into the early 2030s.
Specialty therapeutics (IST) delivers over $100 million in revenue, growing rapidly, driven by differentiated hospital products.
Strategic investments target disruptive healthcare assets with high upside and downside protection.
Maintains flexibility in capital deployment, open to opportunistic royalty acquisitions and synergistic hospital assets.
Specialty therapeutics (IST) growth drivers
Giapreza leads revenue, benefiting from refreshed commercial strategy and new clinical data expanding use cases.
Xacduro addresses significant unmet need in resistant Acinetobacter infections, showing strong launch performance.
Xerava benefits from resistance trends and remains relevant despite being a mature product.
Zevtera, recently launched, targets Staph aureus bacteremia and is expected to ramp as access expands.
All IST products have patent protection into the 2030s, with no near-term exclusivity losses.
Commercial and market access strategy
Hospital launches require navigation of stewardship and P&T committees, but differentiated products ease access.
Zevtera is positioned as an early option for challenging bacteremia cases, with skin and pneumonia indications seen as upside.
Giapreza is increasingly used earlier in ICU shock, with expanding adoption in new patient populations.
Zoliflodacin, pending approval, offers oral therapy for resistant gonorrhea, with commercialization likely to leverage guidelines and a lean sales model.
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