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Roivant Sciences Gets FDA Approval for LISRAYA in Dermatomyositis; Shares Rise

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Roivant Sciences (ROIV) said Thursday the FDA approved LISRAYA for adults with dermatomyositis, with the once-daily pill now available in the US, sending its shares up 1.5%.

The approval follows the Phase 3 VALOR trial, which showed improvements across disease activity, skin disease, muscle strength and physical function, alongside reduced steroid use.

Roivant said the approval provides a new treatment option for adults with dermatomyositis and is continuing to advance brepocitinib in non-infectious uveitis, cutaneous sarcoidosis and lichen planopilaris.

Price: $37.37, Change: $+0.62, Percent Change: +1.67%

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