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Invivyd Reports Preliminary Fourth Quarter 2025 Revenue and Recent Business Highlights

Invivyd, Inc. (IVVD) | Jan. 08, 2026

By George Clark

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Invivyd reported a 25% year-over-year and 31% quarter-over-quarter growth in net product revenue for PEMGARDA in Q4 2025.

The company ended 2025 with $226.7 million in cash and cash equivalents, boosted by over $200 million raised in financing transactions.

Key developments include the initiation of the DECLARATION Phase 3 pivotal clinical trial for VYD2311 and the nomination of a potential best-in-class RSV antibody, VBY329, for preclinical development.

Revenue Growth

PEMGARDA net product revenue in Q4 2025 grew by 25% year-over-year and 31% quarter-over-quarter.

Cash Position

Ending 2025 cash and cash equivalents stood at $226.7 million, supported by over $200 million raised from financing transactions.

Clinical Trials

DECLARATION Phase 3 pivotal clinical trial of VYD2311 initiated, with top-line data expected in mid-2026.

Fast Track Designation

VYD2311 granted Fast Track designation by the FDA for the prevention of COVID in high-risk individuals.

Pipeline Expansion

Selection of potential best-in-class RSV antibody candidate, VBY329, for preclinical development announced in November 2025.

  • Invivyd anticipates significant revenue growth in 2026 fueled by PEMGARDA and potential launches of VYD2311 and VBY329.
  • The initiation of the DECLARATION trial marks a crucial step in establishing monoclonal antibody prophylaxis for COVID prevention.

With a robust financial position and promising developments in its pipeline, Invivyd is poised for a transformative year in 2026 as it advances its pivotal programs and expands its portfolio of monoclonal antibodies.