We advised the underwriters on the equity offering

Davis Polk advised the underwriters in connection with the $100.5 million public offering of ordinary shares by Theravance Biopharma, Inc. Theravance Biopharma’s ordinary shares are listed on the Nasdaq Global Market under the symbol “TBPH.”

Theravance Biopharma, Inc. is a diversified biopharmaceutical company primarily focused on the discovery, development and commercialization of organ-selective medicines.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associates Travis B. Mitchell, Elsie Cheang and Julia Molo. Counsel Kiara L. Rankin and associate Shay Moyal provided tax advice. Partner David R. Bauer and associate Daniel P. Kearney provided intellectual property advice. Counsel Sarah E. Kim provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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