Royalty Pharma plc (RPRX)

NASDAQ: RPRX · IEX Real-Time Price · USD
25.88
-0.31 (-1.18%)
At close: Jul 2, 2024, 4:00 PM
26.00
+0.12 (0.46%)
After-hours: Jul 2, 2024, 7:58 PM EDT
-1.18%
Market Cap 11.70B
Revenue (ttm) 2.24B
Net Income (ttm) 798.86M
Shares Out 452.11M
EPS (ttm) 1.77
PE Ratio 14.62
Forward PE 6.29
Dividend $0.84 (3.25%)
Ex-Dividend Date May 16, 2024
Volume 1,982,304
Open 26.11
Previous Close 26.19
Day's Range 25.83 - 26.24
52-Week Range 25.83 - 31.66
Beta 0.47
Analysts Strong Buy
Price Target 43.00 (+66.15%)
Earnings Date Aug 6, 2024

About RPRX

Royalty Pharma plc operates as a buyer of biopharmaceutical royalties and a funder of innovations in the biopharmaceutical industry in the United States. It is also involved in the identification, evaluation, and acquisition of royalties on various biopharmaceutical therapies. In addition, the company collaborates with innovators from academic institutions, research hospitals and not-for-profits, small and mid-cap biotechnology companies, and pharmaceutical companies. Its portfolio consists of royalties on approximately 35 commercial products a... [Read more]

Industry Biotechnology
Sector Healthcare
IPO Date Jun 16, 2020
Employees 89
Stock Exchange NASDAQ
Ticker Symbol RPRX
Full Company Profile

Financial Performance

In 2023, Royalty Pharma's revenue was $2.35 billion, an increase of 5.24% compared to the previous year's $2.24 billion. Earnings were $1.13 billion, an increase of 2549.50%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for RPRX stock is "Strong Buy." The 12-month stock price forecast is $43.0, which is an increase of 66.15% from the latest price.

Price Target
$43.0
(66.15% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Wall Street's Most Accurate Analysts Spotlight On 3 Health Care Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash ...

Other symbols: JNJMDT
20 days ago - Benzinga

Royalty Pharma to Present at the Goldman Sachs 45th Annual Global Healthcare Conference

NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that it is scheduled to participate in a fireside chat at the Goldman Sachs 45th Annual Global Healthcare ...

4 weeks ago - GlobeNewsWire

Royalty Pharma Announces Pricing of $1.5 Billion of Senior Unsecured Notes

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) announced today that it has priced an offering of $1.5 billion of senior unsecured notes, comprised of the following (coll...

4 weeks ago - GlobeNewsWire

Royalty Pharma and Agios Pharmaceuticals Enter Into Vorasidenib Royalty Agreement for $905 Million

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that it has acquired an interest in Agios Pharmaceuticals' royalty on Servier's vorasidenib for $905 millio...

5 weeks ago - GlobeNewsWire

Royalty Pharma and Cytokinetics Announce Expanded Strategic Funding Collaboration Totaling Up to $575 Million to Support Commercial Launch of Aficamten and to Advance R&D Pipeline

NEW YORK and SOUTH SAN FRANCISCO, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) and Cytokinetics, Incorporated (Nasdaq: CYTK) today announced they have entered into a stra...

5 weeks ago - GlobeNewsWire

Royalty Pharma to Present at Upcoming Investor Conferences

NEW YORK, May 13, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that it will participate in the following upcoming investor conferences during the month of May:

7 weeks ago - GlobeNewsWire

Royalty Pharma to Acquire Royalty Interest in Sanofi's Frexalimab

NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) announced today that it will acquire royalties and milestones on frexalimab owned by ImmuNext, Inc. (ImmuNext) for approxim...

7 weeks ago - GlobeNewsWire

Arrowhead Pharmaceuticals Earns $50 Million Milestone from Royalty Pharma

PASADENA, Calif.--(BUSINESS WIRE)---- $arwr--Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) today announced a $50 million milestone payment was received from Royalty Pharma plc (NASDAQ: RPRX). This mi...

Other symbols: ARWR
2 months ago - Business Wire

Royalty Pharma to Announce First Quarter 2024 Financial Results on May 9, 2024

NEW YORK, April 19, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that it will report its first quarter 2024 financial results on Thursday, May 9, 2024 before the U.S. fin...

2 months ago - GlobeNewsWire

Royalty Pharma Declares Second Quarter 2024 Dividend

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- The board of directors of Royalty Pharma plc (Nasdaq: RPRX) has approved the payment of a dividend for the second quarter of 2024 of $0.21 per Class A ordi...

2 months ago - GlobeNewsWire

Royalty Pharma to Present at TD Cowen's 44th Annual Health Care Conference

NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that it will participate in a fireside chat at TD Cowen's 44th Annual Health Care Conference on March 5, 2...

4 months ago - GlobeNewsWire

Royalty Pharma Reports Q4 and Full Year 2023 Results

NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today reported financial results for the fourth quarter and full year of 2023 and introduced full year 2024 guidance for P...

4 months ago - GlobeNewsWire

Royalty Pharma To Announce Fourth Quarter And Full Year 2023 Financial Results On February 15, 2024

NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that it will report its fourth quarter and full year 2023 financial results on Thursday, February 15, 2024...

5 months ago - GlobeNewsWire

Royalty Pharma Announces Dividend Increase

NEW YORK, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that its board of directors has declared a dividend for the first quarter of 2024 of $0.21 per Class A sha...

5 months ago - GlobeNewsWire

Royalty Pharma to Present at the Evercore ISI 6th Annual HealthCONx Conference

NEW YORK, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that it is scheduled to participate in a fireside chat at the Evercore ISI 6th Annual HealthCONx Conferenc...

7 months ago - GlobeNewsWire

MedinCell Applauds Teva and Royalty Pharma Collaboration to Further Accelerate Olanzapine LAI Program (Codename: mdc-TJK or TEV-‘749)

MONTPELLIER, France--(BUSINESS WIRE)--Regulatory News: MedinCell (Paris:MEDCL): In a joint press release announcing the financing agreement: Richard Francis, President and CEO of Teva said: “Since lau...

Other symbols: TEVA
8 months ago - Business Wire

Royalty Pharma and Teva Collaborate to Further Accelerate Olanzapine Lai Program

NEW YORK and TEL AVIV, Israel, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) and Teva Pharmaceuticals International GmbH, a subsidiary of Teva Pharmaceutical Industries Ltd. (NYS...

8 months ago - GlobeNewsWire

Teva and Royalty Pharma Collaborate to Further Accelerate Olanzapine LAI Program

TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Teva Pharmaceuticals International GmbH, a subsidiary of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) and Royalty Pharma plc (Nasdaq: RPRX), ...

8 months ago - Business Wire

Royalty Pharma Reports Third Quarter 2023 Results

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) --  Royalty Pharma plc (Nasdaq: RPRX) today reported financial results for the third quarter of 2023 and raised full-year 2023 guidance for Adjusted Cash Recei...

8 months ago - GlobeNewsWire

Royalty Pharma to pay $1 bln for Roche's SMA drug royalties

Royalty Pharma said on Thursday it has purchased additional royalties on Roche and PTC Therapeutics' oral spinal muscular atrophy (SMA) drug for an upfront payment of $1 billion.

Other symbols: RHHBY
9 months ago - Reuters

Royalty Pharma Announces Agreement to Purchase Up to $1.5 Billion of PTC Therapeutics' Royalty on Evrysdi

NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) announced today an agreement with PTC Therapeutics, Inc. to acquire additional royalties on Roche's Evrysdi for $1.0 billi...

9 months ago - GlobeNewsWire

Royalty Pharma Declares Fourth Quarter 2023 Dividend

NEW YORK, Oct. 16, 2023 (GLOBE NEWSWIRE) -- The board of directors of Royalty Pharma plc (Nasdaq: RPRX) has approved the payment of a dividend for the fourth quarter of 2023 of $0.20 per Class A ordin...

9 months ago - GlobeNewsWire

Royalty Pharma To Announce Third Quarter 2023 Financial Results On November 8, 2023

NEW YORK, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced that it will report its third quarter 2023 financial results on Wednesday, November 8, 2023 before the U.S...

9 months ago - GlobeNewsWire

Royalty Pharma Appoints Eric Schneider as Chief Technology Officer

NEW YORK, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced the appointment of Eric Schneider as Senior Vice President, Chief Technology Officer. Eric will also join...

10 months ago - GlobeNewsWire

Royalty Pharma and Ascendis Pharma Enter Into $150 Million Royalty Funding Agreement

• P roceeds to support continued development and commercialization of Endocrine Rare Disease products and general corporate purposes

10 months ago - GlobeNewsWire