Royalty Pharma PLC Class A

RPRX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Royalty Pharma Earnings: Pelacarsen Disappointment Matched by Portfolio Outperformance Elsewhere

Rachel Elfman, Robert Winebrenner

Nov 4, 2026

For the third quarter, Royalty Pharma delivered 9% growth in top-line portfolio receipts and 8% growth in adjusted EBITDA. The firm modestly raised guidance, but disappointing results from Novartis' phase 3 pelacarsen trial prompted Royalty Pharma to record a $150 million impairment charge.

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Royalty Pharma PLC Class A

Royalty Pharma Earnings: Pelacarsen Disappointment Matched by Portfolio Outperformance Elsewhere

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