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Roivant Sciences Ltd. Common Shares - ROIV STOCK NEWS

Welcome to our dedicated page for Roivant Sciences Ltd. Common Shares news (Ticker: ROIV), a resource for investors and traders seeking the latest updates and insights on Roivant Sciences Ltd. Common Shares stock.

Roivant Sciences Ltd. (Nasdaq: ROIV) is a commercial-stage biopharmaceutical company that aims to revolutionize healthcare by accelerating the development and commercialization of crucial medicines. With a mission to bring innovative treatments to market swiftly, Roivant builds nimble subsidiaries known as 'Vants' to optimize efficiency in pharma R&D and commercialization.

Roivant’s diversified pipeline includes VTAMA®, a novel topical approved for psoriasis and in development for atopic dermatitis, along with other promising drug candidates such as batoclimab, IMVT-1402, and brepocitinib. These candidates are being developed for various autoimmune and inflammatory conditions, including non-infectious uveitis, dermatomyositis, and other IgG-mediated autoimmune indications.

The company’s strategy involves forming strategic partnerships with leading academic institutions and biopharmaceutical companies to enhance its therapeutic portfolio. Notably, collaborations with Takeda, Priovant, and Immunovant have bolstered its drug development capabilities.

Recent advancements include significant progress in clinical trials, such as positive Phase 2 results for brepocitinib in non-infectious uveitis and the successful launch of VTAMA for psoriasis. Additionally, Roivant's acquisition of Telavant and robust financial performance underscore its growth trajectory and commitment to addressing unmet medical needs.

Roivant’s innovative approach also extends to incubating discovery-stage companies and health technology startups, ensuring a continuous pipeline of next-generation therapies. The company’s forward-thinking model focuses on areas with high societal medical needs, aiming to deliver impactful solutions to patients globally.

For more detailed and up-to-date information on Roivant Sciences Ltd., visit their official website.

News

Roivant Reports Financial Results for the Second Quarter Ended September 30, 2023, and Provides Business Update

Rhea-AI Summary
Roivant (ROIV) reported a definitive agreement with Roche for the sale of Telavant for $7.1B upfront and a milestone payment of $150M. IMVT-1402 SC doses achieved peak IgG reductions similar to batoclimab. VTAMA® cream generated $18.4M in net product revenue for the quarter. Cash, cash equivalents, and restricted cash were approximately $1.4B at September 30, 2023, expected to reach $7.0B with pending sale proceeds. Mayukh Sukhatme, M.D. appointed to the Board of Directors.
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Roivant Announces Appointment of Mayukh Sukhatme to Its Board of Directors

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Roivant (Nasdaq: ROIV) appoints Mayukh Sukhatme, M.D., as a new member of its Board of Directors, expanding the board to eight members. Dr. Sukhatme's extensive experience in the pharmaceutical industry and his role in driving positive Phase 3 studies and FDA approvals make him a valuable addition to the board.
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Roivant to Report Financial Results for the Second Quarter Ended September 30, 2023, and Provide Business Update on Monday, November 13, 2023

Rhea-AI Summary
Roivant (Nasdaq: ROIV) will host a live conference call and webcast on November 13, 2023, to report its Q2 2023 financial results and provide a business update. The conference call will be accessible via phone registration and the webcast will be available on the Roivant website.
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Roche Enters Into a Definitive Agreement to Acquire Telavant Including Rights to Novel TL1A Directed Antibody (RVT-3101) for the Treatment of Inflammatory Bowel Disease From Roivant

Rhea-AI Summary
Roche has entered into a definitive agreement with Roivant to acquire Telavant Holdings, gaining the rights to develop and commercialize RVT-3101, a novel TL1A directed antibody for the treatment of inflammatory bowel disease. Roche will pay a purchase price of $7.1 billion upfront and a near-term milestone payment of $150 million. The agreement also includes an option for a global collaboration with Pfizer on a next-generation p40/TL1A directed bispecific antibody.
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Lokavant Announces $8M Strategic Investment from Mitsui & Co. to Expand AI and Predictive Clinical Trial Intelligence into Asia-Pacific

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Lokavant receives $8 million investment from Mitsui & Co. Ltd. to expand its AI-optimized platform in the APAC region. Lokavant to open new APAC headquarters in Tokyo. Mitsui pledges operational support for business development and product localization. Lokavant has raised a total of $29 million in funding. Lokavant's platform provides significant value to pharmaceutical sponsors and CROs.
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Roivant Announces Positive Initial IMVT-1402 Phase 1 SAD and 300 mg Subcutaneous MAD Results

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IMVT-1402 subcutaneous doses showed dose-dependent reductions in IgG with no adverse effects on serum albumin or LDL-C levels. Initial data supports IMVT-1402 as a potential best-in-class FcRn inhibitor. Mean total IgG reduction from baseline in the 300 mg MAD cohort was 63%.
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Roivant Announces Completion of Redemption of its Outstanding Warrants

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Roivant completes redemption of outstanding warrants at $0.10 per warrant
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Roivant Announces Redemption Fair Market Value in Connection with Redemption of its Outstanding Warrants

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Roivant announces the Redemption Fair Market Value for its outstanding public and private placement warrants. The Redemption Fair Market Value is $11.35 per warrant. Holders who exercise their warrants on a cashless basis will receive approximately 0.2495 common shares per warrant. The redemption price for the warrants is $0.10 per warrant. The warrants will cease trading on the redemption date.
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Roivant Reports Financial Results for the First Quarter Ended June 30, 2023, and Provides Business Update

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Roivant to Report Financial Results for the Quarter Ended June 30, 2023, and Provide Business Update on Monday, August 14, 2023

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Roivant (Nasdaq: ROIV) will host a conference call on August 14, 2023, to report Q2 2023 financial results and provide a business update.
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FAQ

What is the current stock price of Roivant Sciences Ltd. Common Shares (ROIV)?

The current stock price of Roivant Sciences Ltd. Common Shares (ROIV) is $11.744 as of November 1, 2024.

What is the market cap of Roivant Sciences Ltd. Common Shares (ROIV)?

The market cap of Roivant Sciences Ltd. Common Shares (ROIV) is approximately 8.6B.

What is Roivant Sciences Ltd. known for?

Roivant Sciences Ltd. is known for its innovative approach to rapidly developing and commercializing new medicines, primarily through its nimble subsidiaries called 'Vants'.

What are the key products in Roivant's pipeline?

Key products include VTAMA® for psoriasis, batoclimab and IMVT-1402 for autoimmune conditions, and brepocitinib for dermatomyositis and non-infectious uveitis.

What is the goal of Roivant’s business model?

The goal of Roivant’s business model is to accelerate the development and commercialization of important medicines, ensuring they rapidly reach patients with serious diseases.

Who are some of Roivant’s strategic partners?

Roivant has partnered with leading academic institutions and biopharmaceutical companies, including Takeda, Priovant, and Immunovant.

What recent achievements has Roivant made?

Recent achievements include positive Phase 2 trial results for brepocitinib in non-infectious uveitis and the commercial launch of VTAMA for psoriasis.

How does Roivant's 'Vant' model work?

Roivant’s 'Vant' model involves creating nimble, entrepreneurial biotech companies that specialize in developing and commercializing specific medicines and technologies efficiently.

What is VTAMA® used for?

VTAMA® is a novel topical treatment approved for psoriasis and is also being developed for atopic dermatitis.

How does Roivant contribute to innovation in drug development?

Roivant accelerates innovation by reducing the time and cost of drug development, leveraging technology, and forming strategic collaborations to drive efficiency in R&D.

Why is Roivant’s approach significant?

Roivant’s approach is significant because it addresses areas with high unmet medical needs, ensuring that vital medications reach patients faster and more cost-effectively.

Where can I find more information about Roivant?

More information about Roivant Sciences Ltd. can be found on their official website at www.roivant.com.

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Roivant Sciences Ltd. Common Shares

Nasdaq:ROIV

ROIV Rankings

#934 Ranked by Market Cap
N/A Ranked by Dividends

ROIV Stock Data

8.59B
739.52M
29.09%
74.67%
6.79%
Biotechnology
Pharmaceutical Preparations
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United States of America
HAMILTON HM11