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TheStreet Open House

Theravance Inc. Q3 2010 Earnings Call Transcript

Theravance Inc. ( THRX)

Q3 2010 Earnings Call

October 21, 2010 5:00 pm ET

Executives

Rick Winningham - CEO

Mike Aguiar - SVP and CFO

Mathai Mammen - SVP, Research and Early Clinical Development.

Analysts

Ian Somaiya - Piper Jaffray

John Stephenson - Summer Street

Brian Skorney - ThinkEquity

Ryan Martins - Barclays Capital

Howard Liang - Leerink Swann

Tom Russo - Baird

Presentation

Operator

At this time, I would like to welcome everyone to the Theravance Conference Call to review results for the quarter ended September 30, 2010 and top line results from the Phase 2 clinical study with TD-1211 for the opioid-induced constipation ( OIC). (Operator Instructions). Today's conference call is being recorded.

Now, I would like to turn the call over to Mike Aguiar, Senior Vice President and Chief Financial Officer. Sir, you may begin.

Mike Aguiar

With me on the call today are Rick Winningham, our Chief Executive Officer and Dr. Mathai Mammen, Senior Vice President of Research and Early Clinical Development. The primary focus of today’s call will be Mathai’s discussion of the positive proof-of-concept results from the Phase 2 study with TD-1211 the lead compound in our PUMA program.

Before turning the call over to Mathai, I will provide a very brief update of our financial results and after Mathai has done, Rick will close the call reviewing the highlights for the quarter and then finally we will open up the call for questions.

This afternoon Theravance issued two press releases, first detailing the results of our proof-of-concept Phase 2 study with our PUMA compound for the treatment opioid induced constipation and the second detailing third quarter 2010 financial results and recent corporate developments. Copies of these press releases and the slide presentation can be downloaded from our website or you can call Investor Relations at 650-808-4100, and we will be happy to assist you.

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