• Zymeworks to buy Theravance Biopharma for $17.00/share plus CVR tied to ampreloxetine (80% net proceeds to TBPH), $50M milestone, 10% net sales share; closing H2 2026, subject to approvals.
  • Theravance Biopharma (TBPH) expects a deal to close in H2 after accelerating a strategic review and restructuring, including major layoffs following the Phase 3 ampreloxetine failure