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Shares of TG Therapeutics Inc. (TGTX) surged more than 8% to their highest levels in over a year, as investors embraced upbeat guidance for Briumvi, its lead candidate for multiple sclerosis.
The company raised its full-year (FY) 2026 revenue outlook to about $925 million, from its earlier guidance of $875 - $900 million. It also increased its U.S. sales forecast for Briumvi to $885 - $900 million, up from the earlier $825 - $850 million range. For the second quarter (Q2), TG expects domestic Briumvi revenue of around $220 million.
“With multiple near-term clinical catalysts and ongoing efforts to expand the franchise, we believe Briumvi is well-positioned to become a leading therapy in MS and a durable, long-term growth driver for TG,” said Michael S. Weiss, Chairman and CEO.
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TG Therapeutics reported strong Q1 results, driven by growth in its lead product. Total revenue rose to $204.9 million, driven primarily by U.S. Briumvi sales of $194.8 million. This was higher than Wall Street’s $201.2 million estimate, according to Fiscal.ai data.
Revenue from licensing, milestones, and royalties totalled $3.6 million, up from $1.2 million last year.
The company posted net income of $19.8 million, or $0.12 per share. However, this came in sharply below consensus estimates of $0.27 per share.
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The company expects to report topline Phase 3 results from the Enhance trial of IV Briumvi around mid-2026. It also plans to share early Phase 1 data for azer-cel in progressive multiple sclerosis in the second half of 2026.
Retail sentiment for TGTX on Stocktwits turned to ‘extremely bullish’ from ‘neutral’ a day earlier, amid ‘high’ message volumes.
One user said that the noise around missing earnings estimates should be ignored.
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Another user expects growth to accelerate throughout 2026.
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The stock has jumped nearly 28% year-to-date.
Read also: TNXP Stock Climbs 7%: Retail Bets On $30M Revenue Upside From Tonmya Deal
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