How Innoviva’s Q2 Loss and Aggressive Buybacks Could Reshape Capital Allocation for INVA InvestorsInnoviva, Inc. reported second-quarter 2026 results showing revenue of US$119.59 million, up from US$100.28 million a year earlier, but it moved from a net income of US$63.69 million to a net loss of US$83.42 million. Alongside these mixed earnings, Innoviva completed a substantial share repurchase under its November 2025 authorization, buying back 3,055,966 shares for US$66.40 million, which may reshape how investors view its capital allocation priorities. We’ll now examine how Innoviva’s...