Shares of Travere Therapeutics, Inc. (NASDAQ: TVTX) surged 16.29% on Thursday following the release of its outstanding third-quarter 2025 financial results. The biopharmaceutical company reported a significant increase in revenue and strong sales growth for its key product, FILSPARI, leading to a return to profitability.
Travere's total revenue for Q3 2025 reached $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 grow by an impressive 155% year-over-year to $90.9 million. The company reported a net income of $25.7 million, or $0.28 per share, a substantial improvement from the net loss of $54.8 million in the same quarter last year.
The strong financial performance was attributed to growing adoption of FILSPARI as a foundational therapy for IgA Nephropathy (IgAN). Travere received 731 new patient start forms for FILSPARI during the quarter, indicating continued uptake among new and repeat prescribers. The company is also well-positioned for potential FDA approval and commercial launch of FILSPARI for Focal Segmental Glomerulosclerosis (FSGS) in the first quarter of 2026. Investors appear optimistic about Travere's growth prospects and the expanding market for its key product, driving the stock's significant rally.
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