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  4. Tyvaso
Tyvaso logo
Healthcare & Pharmaceuticals

Who Owns Tyvaso?

Tyvaso (treprostinil) is owned by United Therapeutics Corporation (Nasdaq: UTHR), a publicly traded American biotechnology company headquartered in Silver Spring, Maryland. United Therapeutics reported full year 2025 revenue of $3.18 billion, with Total Tyvaso revenue of $1.88 billion, up 16 percent year-over-year. In Q2 2026, Total Tyvaso revenue was $452.6 million, down 4 percent due to competitive pressures on Nebulized Tyvaso. Tyvaso DPI revenue grew to $326.6 million in Q2 2026. United Therapeutics submitted NDAs for ralinepag tablets in PAH and Nebulized Tyvaso in IPF in 2026, with potential approvals expected in 2027. UTHR stock traded at approximately $533 in August 2026.

Parent Company

United Therapeutics Corporation

Founded

2009

Status

Publicly Traded

Headquarters

Silver Spring, Maryland, USA

Tyvaso Timeline

1996
United Therapeutics Corporation

Parent company established in Silver Spring, Maryland, USA

Company Founded
2009

Tyvaso

Founded by United Therapeutics Corporation (developer)

Founded
ultra luxurypremiumGlobalall-agespharmaceutical sustainabilityenvironmental compliancepatient access programsOfficial Website

Who Owns Tyvaso?

  • Parent Company: United Therapeutics Corporation
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: Nasdaq: UTHR
BrandParent CompanyOwnership Type
TyvasoUnited Therapeutics CorporationWholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonTyvaso on Amazon

History of Tyvaso

  • Founded: 2009
  • Founders: United Therapeutics Corporation (developer)

Tyvaso's development originated from United Therapeutics' broader treprostinil program, which began with Remodulin (treprostinil) Injection for continuous subcutaneous or intravenous infusion. Treprostinil is a synthetic analog of prostacyclin, a naturally occurring lipid mediator that causes vasodilation, inhibits platelet aggregation, and has antiproliferative effects on vascular smooth muscle cells.

Pulmonary arterial hypertension (PAH) is a rare, progressive, and life-threatening condition characterized by abnormally elevated blood pressure in the pulmonary arteries. Without treatment, patients typically have a median survival of approximately 2.8 years from diagnosis.

The first approved prostacyclin therapy, epoprostenol (Flolan, GlaxoSmithKline), requires continuous intravenous infusion due to its very short half-life of approximately 3 to 5 minutes, creating significant administration burden and infection risk. Treprostinil was developed as a more stable prostacyclin analog with a longer half-life of approximately 4 hours.

United Therapeutics conducted the TRIUMPH I Phase 3 trial, which enrolled 235 PAH patients already receiving background therapy. The trial demonstrated that inhaled treprostinil significantly improved 6-minute walk distance compared to placebo, with a median improvement of 20 meters at 12 weeks. The FDA approved Tyvaso on July 30, 2009, for PAH (WHO Group 1).

In April 2021, the FDA approved a second indication for Tyvaso for pulmonary hypertension associated with interstitial lung disease (PH-ILD, WHO Group 3), based on the INCREASE Phase 3 trial. This was the first FDA-approved therapy specifically for PH-ILD.

In May 2022, the FDA approved Tyvaso DPI (treprostinil) Inhalation Powder, a dry powder inhaler formulation developed in collaboration with MannKind Corporation using MannKind's Technosphere inhalation technology. Tyvaso DPI is approved for the same indications as nebulized Tyvaso (PAH and PH-ILD).

In 2026, United Therapeutics submitted two NDAs that CEO Martine Rothblatt described as "two of the most important NDAs in rare pulmonary disease history": ralinepag tablets in PAH and Nebulized Tyvaso in idiopathic pulmonary fibrosis (IPF). The TETON-2 study, published in the New England Journal of Medicine, demonstrated that Nebulized Tyvaso achieved statistically significant treatment effects in IPF patients, including reducing the risk of acute exacerbation by 48 percent relative to placebo. Potential approvals for both NDAs are expected in 2027.

About United Therapeutics Corporation

American public benefit corporation specializing in pulmonary hypertension treatments and organ transplant technologies. Reported FY2025 revenue of $3.18 billion.

  • Founded: 1996
  • Headquarters: Silver Spring, Maryland, USA
  • Company Type: Publicly Traded
  • Stock: Nasdaq: UTHR
  • Revenue: $3.18 billion (FY2025)
  • Employees: approximately 1,400

Visit United Therapeutics Corporation website

View full company profile for United Therapeutics Corporation

Where Is Tyvaso Made / Based?

  • Headquarters: Silver Spring, Maryland, USA
  • Manufacturing / Operations: United States

Tyvaso Categories & Tags

Pulmonary HypertensionTreprostinilProstacyclinPahPh Ild

Tyvaso Sustainability & Ethics

As a specialized pharmaceutical product, Tyvaso's sustainability considerations focus on responsible manufacturing, patient access, and environmental compliance.

Manufacturing: United Therapeutics implements sustainable manufacturing practices focusing on energy-efficient production processes, water conservation, and waste reduction at its U.S. manufacturing facilities.

Patient Access: United Therapeutics operates the Tyvaso Access Solutions program to help eligible patients navigate insurance coverage and financial assistance options. The program includes financial assistance, copay support, and patient education services.

Environmental Compliance: Tyvaso's manufacturing facilities comply with environmental regulations for pharmaceutical production, including proper handling of chemical substances, waste management protocols, and emissions controls.

Clinical Trial Ethics: Tyvaso's development followed ethical standards for clinical research, including informed consent processes, independent data monitoring committees, and transparent reporting. The TETON-2 results were published in the New England Journal of Medicine.

High Cost and Access Barriers: Tyvaso's annual treatment cost can exceed $100,000 in the United States, creating access barriers for patients without adequate prescription drug coverage. The high price has been subject to criticism from patient advocacy groups and healthcare payers.

Awards & Recognition

  • FDA First Inhaled Prostacyclin (2009): Tyvaso was the first inhaled prostacyclin therapy approved for pulmonary arterial hypertension, establishing a new treatment paradigm.
  • First Approved Therapy for PH-ILD (2021): The April 2021 FDA approval for PH-ILD made Tyvaso the first approved therapy specifically for this condition, addressing significant unmet medical need.
  • TETON-2 Published in New England Journal of Medicine: The TETON-2 study results for Nebulized Tyvaso in IPF were published in the New England Journal of Medicine, demonstrating a 48 percent reduction in acute exacerbation risk.
  • Record Revenue Growth (2025): United Therapeutics achieved its fourth consecutive year of record total revenue in 2025, with Total Tyvaso revenue growing 16 percent to $1.88 billion.

Tyvaso Recalls & Controversies

Competitive Pressure on Nebulized Tyvaso: United Therapeutics stated in Q2 2026 that the availability of competitive therapies negatively impacted sales of Nebulized Tyvaso, Tyvaso DPI, and Remodulin. Nebulized Tyvaso revenue declined 18 percent year-over-year in Q2 2026, driven by a decrease in U.S. quantities sold of $37.6 million.

Treatment Adherence Challenges: Tyvaso's dosing regimen of 4 inhalations 4 times daily during waking hours creates adherence challenges for patients. The time-intensive treatment schedule can be difficult to maintain consistently, potentially affecting treatment effectiveness.

Side Effects: Tyvaso is associated with common side effects including cough, headache, nausea, dizziness, and throat irritation, which can limit tolerability and adherence in some patients.

High Cost and Access Barriers: Tyvaso's annual treatment cost can exceed $100,000 in the United States, creating significant access barriers for patients without adequate prescription drug coverage. The high price has been subject to criticism from patient advocacy groups and healthcare payers.

Dosing Complexity: The complex dosing schedule and requirement for multiple daily inhalations create treatment burden for patients and caregivers, particularly for elderly patients or those with cognitive limitations.

Limited Indication for PAH: Tyvaso's approved indication for PAH is limited to patients receiving background oral therapy with an endothelin receptor antagonist or a phosphodiesterase type 5 inhibitor, restricting its use as monotherapy.

Tyvaso Ownership: Pros & Cons

Advantages

  • +Total Tyvaso revenue reached $1.88 billion in 2025, making it United Therapeutics' largest revenue contributor by far
  • +Tyvaso DPI is growing with record patient starts, referrals, and total patients as of Q2 2026
  • +NDA submissions for Nebulized Tyvaso in IPF and ralinepag tablets in PAH could unlock significant new markets, with potential approvals expected in 2027
  • +The TETON-2 study, published in the New England Journal of Medicine, demonstrated a 48 percent reduction in acute exacerbation risk for IPF patients
  • +United Therapeutics' focused expertise in pulmonary hypertension, built over more than two decades, supports continued innovation and market leadership
  • +The company holds $3.8 billion in cash and investments, providing resources for pipeline development

Considerations

  • -Total Tyvaso revenue declined 4 percent in Q2 2026 due to competitive pressures, with Nebulized Tyvaso declining 18 percent
  • -Competitive therapies are negatively impacting sales of Nebulized Tyvaso, Tyvaso DPI, and Remodulin
  • -The dosing regimen of 4 inhalations 4 times daily creates adherence challenges for patients
  • -Annual treatment costs exceeding $100,000 create access barriers and attract criticism from patient advocates and payers
  • -Common side effects including cough, headache, and throat irritation can limit tolerability
  • -The approved PAH indication is limited to patients on background oral therapy, restricting use as monotherapy

Frequently Asked Questions About Tyvaso

Sources & Further Reading

  • United Therapeutics Official Website -
  • Tyvaso Official Website -
  • United Therapeutics Q2 2026 Financial Results (August 5, 2026) -
  • United Therapeutics Q4 2025 Earnings Release (February 25, 2026) -
  • Q2 2026 Investor Presentation -
  • United Therapeutics Investor Relations -
  • Nasdaq: United Therapeutics (UTHR) -
  • FDA Tyvaso Approval Information -
  • Pulmonary Hypertension Association -
  • American College of Chest Physicians -
  • SEC EDGAR: United Therapeutics (UTHR) filings -

Competitors to Tyvaso

No direct competitors found in the same category. This could be because Tyvasooperates in a unique market segment or we're still building our competitor database.

Independent Alternatives to Tyvaso

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TirosintHealthcare Pharmaceuticals

Tirosint

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levothyroxinehypothyroidismthyroid
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Tirosint is privately owned, unlike Tyvaso which is under a publicly traded parent company.

GE HealthCareHealthcare Pharmaceuticals

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GE HealthCare operates independently without a large parent corporation.

PfizerHealthcare Pharmaceuticals

Pfizer

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American multinational pharmaceutical corporation developing and manufacturing medicines, vaccines, and consumer healthcare products, one of the world's largest pharmaceutical companies.

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Pharmacy DirectHealthcare Pharmaceuticals

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Pharmacy Direct is privately owned, unlike Tyvaso which is under a publicly traded parent company.

PhilipsHealthcare Pharmaceuticals

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healthcare-technologyelectronicsmedical-devices
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RetavaseHealthcare Pharmaceuticals

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pharmaceuticalthrombolyticreteplase
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Retavase is privately owned, unlike Tyvaso which is under a publicly traded parent company.

United Therapeutics Corporation Stock Information

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Last reviewed: August 15, 2026 · Reviewed by Who Brands Editorial Team