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Stock impact report

Royalty Pharma Reports First Quarter 2024 Results

Royalty Pharma plc - Class A Ordinary Shares (RPRX) 
US:NASDAQ Investor Relations: ir.reprosrx.com/investor-relations
Company Research Source: GlobeNewswire
Royalty Receipts growth of 14% driving Portfolio Receipts of $717 millionNet cash provided by operating activities of $665 millionFull year 2024 guidance confirmed: Portfolio Receipts expected to be $2,600 to $2,700 millionCommitment to grow dividend by mid-single digit percentage annually NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today reported financial results for the first quarter of 2024 and confirmed full year 2024 guidance for Portfolio Receipts. “We continued to execute on our strategy in the first quarter of 2024 and are on track to deliver our full year guidance,” said Pablo Legorreta, Royalty Pharma’s founder and Chief Executive Officer. “We achieved double-digit growth in Royalty Receipts driven by the strength of our diversified portfolio. With today’s transaction to acquire royalties on Sanofi’s frexalimab, a therapy with multi-blockbuster potential, we’ve increased our development-stage portfolio by five-fold to 15 medicines since Show less Read more
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