United Therapeutics Corporation
455.32+39.98 (+9.63%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · UTHR · USD
Key Stats
Market Cap
20.59BP/E (TTM)
17.27Basic EPS (TTM)
26.36Dividend Yield
0%Recent Filings
8-K
Tyvaso meets IPF trial endpoint
United Therapeutics announced on September 2, 2025, that its TETON-2 phase 3 study of nebulized Tyvaso met the primary endpoint, showing a 95.6 mL improvement in absolute forced vital capacity over placebo in idiopathic pulmonary fibrosis patients after 52 weeks. Positive results spanned all subgroups and key secondary endpoints like time to clinical worsening and quality of life, while safety aligned with prior studies. The company plans FDA discussions by year-end to expand Tyvaso's label, leveraging TETON-1 data expected in early 2026. Tyvaso unlocks anti-fibrotic potential.
8-K
$1B ASR Agreements Signed
United Therapeutics launched its $1 billion share repurchase program on August 1, 2025, by entering two accelerated share repurchase agreements with Citibank, N.A., comprising a $500 million uncollared deal and a $500 million collared one. The company will pay $1 billion upfront on August 4, 2025, receiving initial deliveries of about 1.27 million shares under the uncollared ASR and 850,000 under the collared ASR, based on the August 1 closing price. Final settlements, determined by volume-weighted average prices less discounts, are slated for Q4 2025 and Q1 2026. This move signals strong balance sheet confidence, yet collars cap repurchase volumes amid stock volatility.
10-Q
Q2 FY2025 results
United Therapeutics posted solid Q2 results, with revenues climbing 12% year-over-year to $798.6 million, fueled by 22% growth in Tyvaso DPI sales to $315.2 million and 16% in Orenitram to $123.9 million, while Remodulin dipped 9% to $134.7 million amid generic pressures. Operating income rose 14% to $364.5 million, lifting diluted EPS 9.6% to $6.41 on steady 48.3 million shares, with no anti-dilution flagged. Gross margins held firm at 89.0%, up from 88.9% last year. Cash from operations hit $652.9 million year-to-date, bolstering $1.6 billion in cash equivalents and $3.4 billion in total investments, while the new $2.5 billion revolver sat unused after refinancing. Yet patent battles with Liquidia over Yutrepia could erode Tyvaso dominance.
8-K
Record Q2 revenues, buyback authorized
United Therapeutics posted record Q2 2025 revenues of $798.6 million, up 12% from $714.9 million last year, fueled by Tyvaso sales surging 18% to $469.6 million amid patient growth and Medicare changes. The board greenlit a $1 billion share repurchase through March 2026, signaling faith in the pipeline. Phase 3 TETON 2 data on nebulized Tyvaso for pulmonary fibrosis arrives in September. Strong cash flow persists.
8-K
Shareholders approve stock plan expansion
United Therapeutics shareholders approved the 2025 restatement of its 2015 Stock Incentive Plan on June 26, 2025, boosting available shares by 950,000 to 14,770,000 total and extending the plan through April 24, 2035. This bolsters talent retention amid biotech competition, while hiking the Lead Independent Director retainer by $5,000 annually. Shareholders also re-elected the full board and ratified Ernst & Young as auditors. Plan empowers equity grants to drive performance.
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