Innoviva, Inc.
Innoviva, Inc. (NASDAQ: INVA) is trading at $20.74, about ₹1,989 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 0.39% today. Indian residents can buy Innoviva from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$20.35
Today's high
$20.78
52 week low
$16.52
52 week high
$25.15
INVA opened at $20.57, closed previously at $20.66, and has traded between $16.52 and $25.15 over the past 52 weeks.
About
Innoviva, Inc. functions as a pharmaceutical company, concentrating on the worldwide creation and marketing of medical treatments. Its current product lineup prominently includes several once-daily combination therapies: RELVAR/BREO ELLIPTA, which integrates vilanterol (a long-acting beta2 agonist, or LABA) with fluticasone furoate (an inhaled corticosteroid, or ICS); ANORO ELLIPTA, a medication that pairs umeclidinium bromide (a long-acting muscarinic antagonist, or LAMA) with vilanterol (LABA); and TRELEGY ELLIPTA, a comprehensive treatment combining an ICS, LAMA, and LABA. The company has forged a key strategic alliance with Sarissa Capital Management LP. Moreover, Innoviva collaborates with Glaxo Group Limited under an agreement focused on the development and commercialization of daily LABA-based products designed to treat chronic obstructive pulmonary disease and asthma. Founded in 1996, the corporation was initially known as Theravance, Inc., before officially changing its name to Innoviva, Inc. in January 2016. Its primary operational base is situated in Burlingame, California.
Key statistics
Avg. volume
854.79K
Market cap
$1.53B
P/E Ratio
4.26
Price-to-sales ratio
3.45
Enterprise value
$1.23B
Free cash flow yield
12.30%
Debt-to-equity ratio
0.22
Return on equity
30.03%
ROIC
8.36%
Beta
0.33
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$425.13M
Earnings per share
$4.02
Free cash flow
$186.43M
Net profit margin
80.56%
Gross margin
73.09%
EBITDA
$383.79M
Revenue growth
18.52%
Similar securities
This is not an investment recommendation
How to buy Innoviva from India
Indian residents can buy Innoviva shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Innoviva and place an order
Find Innoviva by name or by its ticker, INVA, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Innoviva trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Innoviva position in USD and INR. Innoviva pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Innoviva from India
Trading and taxes when buying Innoviva from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneInnoviva does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Innoviva stock?
Yes. Innoviva (INVA) has been listed on NASDAQ since 2004, in the Biotechnology industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Innoviva share cost in rupees?
One Innoviva share is $20.74 — about ₹1,989 at a USD/INR rate of 95.92 on 25 Sep 2026. Both the Innoviva price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Innoviva from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Innoviva?
Yes. One Innoviva share is $20.74, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Innoviva.
How are gains on Innoviva shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Innoviva price. Paasa issues a capital-gains statement for your return.
Does Innoviva pay a dividend?
No. Innoviva does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Innoviva from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Innoviva shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Innoviva shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Innoviva holding, its cost and its closing value.
How do I sell Innoviva and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.