By Christopher Kuo
Liquidia shares rose to an all-time high as the company's product sales drove a surge in first-quarter revenue.
Shares of the biopharmaceutical company focused on cardiopulmonary diseases rose 17% on Monday to $49.56. The stock reached an all-time high of $50.50 on Monday.
The company posted a first-quarter profit of $52.9 million, or 52 cents a share, compared with a profit of $38.4 million, or 45 cents a share, a year earlier. Analysts polled by FactSet expected 41 cents a share.
Revenue climbed to $132.9 million from $3.1 million a year earlier. Analysts expected $119.4 million. The growth was driven by sales of the Yutrepia treatment for pulmonary hypertension. Product sales of Yutrepia were $129.9 million in the quarter, the company said.
The company began shipping Yutrepia to U.S. customers in June, following approval by the Food and Drug Administration on May 23, 2025.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
May 11, 2026 12:36 ET (16:36 GMT)
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