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Royalty Pharma Announces Transformative Step in Company's Evolution With Acquisition of its External Manager and $3 Billion Share Repurchase Program
RPRXRoyalty Pharma(RPRX) GlobeNewswire News Room·2025-01-10 12:15

Royalty Pharma plc to become an integrated company by acquiring its external manager, RP Management, LLCSignificant annual cash savings of greater than 100millionin2026growingtoover100 million in 2026 growing to over 175 million in 2030, with cumulative savings of more than 1.6billionovertenyearsSimplifiedstructuretobenefitshareholdersthroughstrengthenedshareholderalignment,enhancedgovernanceandincreasedeconomicreturnoninvestmentsBoardauthorizeda1.6 billion over ten yearsSimplified structure to benefit shareholders through strengthened shareholder alignment, enhanced governance and increased economic return on investments Board authorized a 3 billion share repurchase program; $2 billion of shares intend ...