Peter Stapor's questions to Innoviva (INVA) leadership • Q2 2017
Question
Peter Stapor of Bank of America inquired about the magnitude of the slight increase in channel inventory and asked for additional details on potential future capital restructuring.
Answer
CEO Michael Aguiar explained that the channel inventory increase was a small, normal quarterly fluctuation and not a cause for concern. He added that regarding capital structure, the company is continually evaluating opportunities for improvement, with a particular focus on the 9% royalty notes, which may no longer be the optimal structure for the now-mature company.