Travere Therapeutics

Travere Therapeutics

Develops and commercializes rare-disease therapies

Overview

Travere Therapeutics develops and commercializes therapies for rare diseases, especially kidney and metabolic disorders. It has commercial products Thiola and Thiola EC for cystinuria and Chenodal for gallstones, with a pipeline that includes sparsentan for focal segmental glomerulosclerosis and IgA nephropathy. The company generates revenue from the sale of its products and supports patients through a dedicated patient assistance program. Its approach centers on identifying and delivering treatments for rare diseases, combining commercialization with ongoing drug development.

Significant Headcount Growth

About Travere Therapeutics

Simplify's Rating
Why Travere Therapeutics is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Biotechnology

Healthcare

Company Size

501-1,000

Company Stage

IPO

Headquarters

San Diego, California

Founded

2008

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Simplify's Take

What believers are saying

  • Second-quarter 2026 revenue hit $169.6 million, with FILSPARI sales up 96%.
  • July 2026 civorebrutinib added up to five indications and $1.14 billion headline value.
  • Travere ended June 2026 with $489.2 million cash, funding launches and trials.

What critics are saying

  • FILSPARI drives most value; an efficacy, safety, or reimbursement setback would crush 2026 growth.
  • Convertible debt reached $602.8 million after May 2026 refinancing, inviting dilution and leverage pressure.
  • Pegtibatinase still depends on 2027 data; failure leaves Travere dangerously dependent on one drug.

What makes Travere Therapeutics unique

  • FILSPARI became the first FDA-approved FSGS therapy on April 13, 2026.
  • Travere built a rare-kidney commercial franchise around IgAN, FSGS, and cystinuria.
  • June 2026 civorebrutinib licensing broadens Travere into immune-mediated kidney disease mechanisms.

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Funding

Total Funding

$1.5B

Above

Industry Average

Funded Over

9 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison
Coming Soon

Benefits

Health Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Paid Vacation

Wellness Program

Company Equity

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

6%

2 year growth

6%
Travere Therapeutics
Jun 16th, 2026
Travere Therapeutics Announces Planned Retirement of Chief Research Officer in 2027.

Travere Therapeutics Announces Planned Retirement of Chief Research Officer in 2027. June 16, 2026 William Rote, Ph.D., chief research officer plans to retire in early 2027 Jula Inrig, M.D., to be named executive vice president, head of research and development and CMO, expanding her responsibilities to include the Company's research organization SAN DIEGO-(BUSINESS WIRE)- Travere Therapeutics, Inc., (Nasdaq: TVTX) today announced that William Rote, Ph.D., the Company's chief research officer, plans to retire from the Company in February 2027 following 10 years of service. Jula Inrig, M.D., currently chief medical officer and a member of the Company's executive leadership team, will expand her responsibilities to include the Company's research organization and be named executive vice president, head of research and development and CMO. "On behalf of the Board of Directors and everyone at Travere, I want to thank Bill for his extraordinary leadership, scientific vision and unwavering commitment to patients over the last decade," said Eric Dube, Ph.D., president and chief executive officer of Travere Therapeutics. "Since joining Travere in 2017, Bill has played a pivotal role in transforming our company into a recognized leader in rare disease. He built and strengthened critical research and development capabilities, assembled exceptional teams across his organization, and helped to guide successful approvals in both IgA nephropathy and focal segmental glomerulosclerosis. His contributions have left an enduring mark on Travere and, most importantly, on the patients we serve." "It has been an incredible privilege to work alongside such a talented and mission-driven team," said Dr. Rote. "I am immensely proud of what we have accomplished together, including establishing Travere as a leader in rare kidney disease and helping bring important treatment options to patients who previously had few or no approved therapies. I look forward to continuing to work closely with Jula over the coming months to ensure a smooth transition." Dr. Inrig joined Travere in January 2022 as chief medical officer and has been responsible for overseeing the Company's medical affairs, clinical development, clinical operations and pharmacovigilance functions. A nephrologist by training, she brings more than 20 years of experience in clinical research, drug development and global regulatory strategy. Prior to joining Travere, Dr. Inrig served as Global Head of the Renal Center of Excellence at IQVIA, where she helped lead the design and execution of clinical development programs that supported regulatory approvals in kidney disease and oversaw numerous global clinical trials, including pivotal studies in IgA nephropathy and FSGS. In her expanded role, Dr. Inrig will continue to lead her current organization while taking on additional responsibility for Travere's broader research and development organization, including regulatory affairs, quality, technical operations, biometrics and research. "Jula has consistently demonstrated exceptional scientific, strategic, and organizational leadership that has resulted in the multiple approvals in rare kidney disease and a leading rare disease medical organization," said Dr. Dube. "Since joining Travere, she has played a critical role in advancing our pipeline, strengthening our development capabilities and deepening our engagement with regulators, investigators and patient communities. Her expanded responsibilities recognize her outstanding contributions to the Company. I look forward to partnering with her as we continue advancing our mission to improve the lives of people living with rare diseases." "I am honored to assume this expanded role and continue building on the strong scientific foundation that Bill and the broader team have established," said Dr. Inrig. "Travere has never been better positioned to advance innovative therapies for people living with rare diseases. I look forward to continuing my close collaboration with Bill throughout the transition and partnering with our talented teams to continue delivering meaningful progress for patients and their families." About Travere Therapeutics At Travere Therapeutics, Travere Therapeutics, Inc. is in rare for life. Travere Therapeutics, Inc. is a biopharmaceutical company that comes together every day to help patients, families and caregivers of all backgrounds as they navigate life with a rare disease. On this path, Travere Therapeutics, Inc. know the need for treatment options is urgent - that is why its global team works with the rare disease community to identify, develop and deliver life-changing therapies. In pursuit of this mission, Travere Therapeutics, Inc. continuously seek to understand the diverse perspectives of rare patients and to courageously forge new paths to make a difference in their lives and provide hope - today and tomorrow. For more information, visit travere.com. Forward Looking Statements This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Without limiting the foregoing, these statements are often identified by the words "on-track," "positioned," "look forward to," "will," "would," "may," "might," "believes," "anticipates," "plans," "expects," "intends," "potential," or similar expressions. In addition, expressions of strategies, intentions or plans are also forward-looking statements. Such forward-looking statements include, but are not limited to, references to: statements and expectations regarding the planned retirement of Dr. Rote and the planned changes to Dr. Inrig's title and responsibilities, and the expected timing and impacts thereof; and statements and expectations regarding future advancement of innovative therapies to improve the lives of people living with rare diseases. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. No forward-looking statement can be guaranteed. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties related to the planned retirement of Dr. Rote and the planned changes to Dr. Inrig's title and responsibilities. The Company also faces risks and uncertainties related to its business and finances in general, the success of its commercial products, risks and uncertainties associated with its preclinical and clinical stage pipeline, risks and uncertainties associated with the regulatory review and approval process, risks and uncertainties associated with enrollment of clinical trials for rare diseases, and risks that ongoing or planned clinical trials may not succeed or may be delayed for safety, regulatory or other reasons. Specifically, the Company faces risks associated with the commercial launch of FILSPARI in FSGS and the ongoing commercialization in IgAN, the timing and potential outcome of its and its partners' clinical studies, market acceptance of its commercial products including efficacy, safety, price, reimbursement, and benefit over competing therapies, risks related to the challenges of manufacturing scale-up, risks associated with the successful development and execution of commercial strategies for such products, including FILSPARI, and risks and uncertainties related to the current administration, including but not limited to risks and uncertainties related to tariffs and the funding, staffing and prioritization of resources at government agencies including the FDA. The Company also faces the risk that it will be unable to raise additional funding that may be required to complete development of any or all of its product candidates, including as a result of macroeconomic conditions; risks relating to the Company's dependence on contractors for clinical drug supply and commercial manufacturing; uncertainties relating to patent protection and exclusivity periods and intellectual property rights of third parties; risks associated with regulatory interactions; and risks and uncertainties relating to competitive products, including current and potential future generic competition with certain of the Company's products, including potential ANDA filings or patent challenges, and technological changes that may limit demand for the Company's products. The Company also faces additional risks associated with global and macroeconomic conditions, including health epidemics and pandemics, including risks related to potential disruptions to clinical trials, commercialization activity, supply chain, and manufacturing operations. You are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond our control. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Investors are referred to the full discussion of risks and uncertainties, including under the heading "Risk Factors", as included in the Company's most recent Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. Multimedia Files: * Download: Download original 200 KB (1604 x 352) Download image: Multimedia file for Travere Therapeutics Announces Planned Retirement of Chief Research Officer in 2027 as a original in JPG format. Opens in a new window Download lowres 23 KB (480 x 105) Download image: Multimedia file for Travere Therapeutics Announces Planned Retirement of Chief Research Officer in 2027 as a lowres in JPG format. Opens in a new window

AllSci
Jun 3rd, 2026
Travere picks up BTKi civorebrutinib from Everest Medicines in USD 1.14b deal.

Travere picks up BTKi civorebrutinib from Everest Medicines in USD 1.14b deal. June 3, 2026 Travere Therapeutics (Nasdaq: TVTX) has committed USD 112.5 million upfront to license civorebrutinib, a covalent reversible BTK inhibitor developed by China-based Everest Medicines (HKEX: 1952.HK), in a deal that could reach USD 1.14 billion including milestones. The exclusive licensing and collaboration agreement grants Travere development and commercialization rights for civorebrutinib across all markets outside China and certain East and Southeast Asian countries. The asset, also known as EVER001, is in Phase I/II development for primary membranous nephropathy and is being positioned for expansion into focal segmental glomerulosclerosis and minimal change disease. Under the deal terms, Everest is eligible to receive up to approximately USD 1.03 billion in additional cash payments tied to clinical, regulatory, and commercial milestones across up to five indications. Travere will also pay tiered royalties ranging from high single-digit to double-digit percentages on annual net sales. The agreement is subject to expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Deal context. Civorebrutinib is described by Everest as an oral, covalent reversible inhibitor of Bruton's tyrosine kinase, a signaling node within the B-cell receptor pathway. BTK inhibition suppresses B-cell activation and downstream autoantibody production - mechanisms directly implicated in immune-mediated kidney injury. In conditions such as primary membranous nephropathy, circulating anti-PLA2R autoantibodies drive podocyte damage and proteinuria; blocking BTK upstream reduces the B-cell activity responsible for generating those antibodies. The covalent reversible binding mechanism distinguishes civorebrutinib from earlier-generation BTK inhibitors such as ibrutinib, which bind covalently and irreversibly. Reversible covalent binding is intended to maintain potency while reducing the off-target engagement associated with permanent covalent modification, though the clinical significance of this distinction in autoimmune indications remains under evaluation. Everest presented Phase I/II data for civorebrutinib at the 62nd Congress of the European Renal Association in June 2025, reporting rapid and sustained reductions in anti-PLA2R autoantibodies and proteinuria, with high rates of immunologic and clinical remission and stable kidney function through 52 weeks. The company had previously held investor calls in November 2024 to discuss the Phase I/II data in primary membranous nephropathy. Travere plans to investigate the compound in primary membranous nephropathy, immune-mediated FSGS, and minimal change disease, with potential for additional indications. Travere brings established rare kidney disease infrastructure to the partnership. The company markets sparsentan (Filspari) for IgA nephropathy - a dual endothelin A and angiotensin II receptor antagonist that received US FDA approval in 2023. Civorebrutinib would address immune-mediated diseases with distinct pathophysiology from IgA nephropathy, broadening Travere's reach within the rare kidney category. The transaction reflects growing industry interest in immune-mediated kidney diseases, particularly primary membranous nephropathy and FSGS, where developers are pursuing B-cell-targeted approaches alongside established anti-CD20 therapies and emerging next-generation immunomodulatory mechanisms. This article was generated with AI assistance and reviewed and edited by the AllSci editorial team Explore more at AllSci News: https://allsci.com/news/

Financial Modeling Prep
Jun 2nd, 2026
Travere Therapeutics (NASDAQ: TVTX) Gains Analyst Confidence Amidst New Kidney disease drug partnership.

Travere Therapeutics (NASDAQ: TVTX) Gains Analyst Confidence Amidst New Kidney disease drug partnership. Jun 02, 2026 Market News FMPTravere Therapeutics (NASDAQ: TVTX) Gains Analyst Confidence Amidst New Kidney D... * H.C. Wainwright reiterated a "Buy" rating for Travere Therapeutics (NASDAQ: TVTX) and raised its price target to $67.00. * Travere Therapeutics formed a significant licensing agreement with Everest Medicines for the experimental kidney disease drug civorebrutinib, potentially valued up to $1.14 billion. * Despite positive news, Travere Therapeutics stock experienced a daily decline of 4.22%, closing at $43.14. Travere Therapeutics is a prominent biotechnology company that focuses on creating treatments for rare diseases. With a market capitalization of approximately $4.01 billion, the company directs its efforts toward conditions with significant unmet medical needs, particularly rare kidney diseases. Its stock is currently trading at $43.14 per share. On June 2, 2026, analyst firm H.C. Wainwright confirmed its positive outlook on Travere Therapeutics by restating its "Buy" rating. A "Buy" rating suggests that the analyst believes the stock is a good investment. The firm also increased its price target to $67.00 from $57.00, indicating it expects the stock's value to rise. This confidence appears linked to a major new partnership. As highlighted by Reuters, Travere Therapeutics entered a licensing agreement with Everest Medicines for an experimental kidney disease drug. This deal is potentially worth up to $1.14 billion, representing a significant strategic move for the company to expand its treatment offerings. The agreement gives Travere Therapeutics exclusive rights to develop and sell the drug civorebrutinib in most markets outside of Asia, as reported by Gurufocus. CEO Eric Dube stated the drug is a "strategic and complementary addition" to the company's portfolio, aiming to address the needs of patients with rare immune-mediated kidney diseases. Despite the positive analyst view, Travere Therapeutics stock saw a daily decline of 4.22%, closing at $43.14. The stock's price has moved between a 52-week low of $13.88 and a 52-week high of $48.61. This range shows the stock's performance and price fluctuations over the past year. Contributor, Financial Modeling Prep Danny Green writes for the Financial Modeling Prep Insights desk, covering financial data, signals, and developer workflows powered by the FMP API. Financial data for every need. Real-time quotes and 30+ years of historical data, including prices, fundamentals, and insider transactions - all accessible via API. Stock Screener 2017-2026 (C) Financial Modeling Prep

Yahoo Finance
May 10th, 2026
Travere director sells $210K in shares under pre-arranged plan, retains $1.68M stake

Roy D. Baynes, a director at Travere Therapeutics, exercised and sold 4,500 common shares for approximately $210,000, according to an SEC Form 4 filing. The transaction was executed under a 10b5-1 plan adopted on 17 November 2025. Following the sale, Baynes's direct holdings decreased by 10.71% to 37,500 shares, valued at approximately $1.68 million. The transaction involved exercising fully vested options, which were immediately sold for liquidity. Travere Therapeutics, valued at $3.96 billion, develops therapies for rare metabolic and renal diseases. Its portfolio includes marketed products Chenodal, Cholbam and Thiola, alongside late-stage pipeline candidates Sparsentan and TVT-058. The company generated $536.20 million in trailing twelve-month revenue.

AllSci
May 7th, 2026
Travere Therapeutics raises $475M in convertible debt to refinance 2029 notes

Travere Therapeutics has raised $475 million through a convertible debt offering, up from an initially planned $400 million. The San Diego-based rare disease biopharmaceutical company will use approximately $350.9 million to repurchase a portion of its existing 2029 convertible notes, with the remainder allocated to general corporate purposes. The 2032 notes carry a 0.50% coupon and mature on 15 May 2032, with an initial conversion price of approximately $64.90 per share. Net proceeds are estimated at $460 million after fees, potentially reaching $508.5 million if underwriters exercise their over-allotment option. Travere focuses on rare kidney and metabolic conditions. Its lead asset, Filspari, received approval in April for treating focal segmental glomerulosclerosis, adding to its existing IgA nephropathy indication.

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