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-0.00018487705675722 -0.000369754113514571 -0.000147901645405855 -0.00110926234054358 0.00073950822702901 0.00203364762432981 0.00332778702163061 0.00554631170271764
Stock impact report

AGIO's Q3 Earnings Miss Mark, Revenues In Line, Stock Down [Yahoo! Finance]

Royalty Pharma plc - Class A Ordinary Shares (RPRX) 
US:NASDAQ Investor Relations: ir.reprosrx.com/investor-relations
Company Research Source: Yahoo! Finance
In the year-ago quarter, the company had reported a loss of $1.64 per share. The abovementioned earnings included a gain on the sale of contingent payments and a milestone payment from a gain on the sale of the oncology business. Excluding these items, the company incurred a loss of 15 cents per share. Earnings grew significantly year over year owing to a $1.1 billion payment from Servier and Royalty Pharma, following the FDA approval for vorasidenib for the treatment of IDH-mutant diffuse glioma. In August 2024, the FDA approved vorasidenib for a brain tumor called IDH-mutant diffuse glioma. Per the terms of the sale executed between Agios and Servier, the latter was to pay a milestone payment of $200 million to Agios for this approval. In May 2024, Agios entered into a deal with Royalty Pharma to sell its royalty rights on potential net sales of vorasidenib in exchange for an upfront payment of $905 million. In the third quarter, AGIO reported revenues of $9 million, which c Show less Read more
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