Theravance Biopharma Downgraded by Jones Trading Following Zymeworks Acquisition

Jones Trading downgraded Theravance Biopharma (TBPH) from buy to hold after its acquisition by Zymeworks for $929 million. Analyst Debanjana Chatterjee noted the deal does not pose antitrust risks.

By Jonathan Block, SA News Editor · Seeking Alpha · June 29, 2026, 18:36 UTC

Theravance Biopharma Downgraded by Jones Trading Following Zymeworks Acquisition

Tickers: $TBPH

Topics: biopharma M&A

Read the full article at Seeking Alpha

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