Shares of Travere Therapeutics, Inc. (NASDAQ: TVTX) are surging 18.04% in pre-market trading on Friday, building on the previous day's 16.29% gain. The significant upward movement comes in the wake of the company's outstanding third-quarter 2025 financial results and a notable analyst price target increase.
Travere's Q3 2025 performance has impressed investors, with total revenue reaching $164.9 million, including $113.2 million in U.S. net product sales. The standout performer was FILSPARI (sparsentan), which saw its U.S. net product sales skyrocket by 155% year-over-year to $90.9 million. This strong sales growth has propelled the company back to profitability, reporting a net income of $25.7 million, or $0.28 per share, a remarkable turnaround from the $54.8 million net loss in the same quarter last year.
Adding to the positive sentiment, TD Cowen has raised its price target for Travere Therapeutics from $30 to $40, reflecting growing confidence in the company's prospects. Investors are also optimistic about the potential FDA approval and commercial launch of FILSPARI for Focal Segmental Glomerulosclerosis (FSGS) in the first quarter of 2026, which could further boost the company's growth trajectory. With 731 new patient start forms for FILSPARI received during the quarter and its strengthening position as a foundational therapy for IgA Nephropathy (IgAN), Travere Therapeutics appears well-positioned for continued success in the biopharmaceutical market.
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