This COPD Investment Opportunity Isn't What It Seems

Treating COPD is a burgeoning cash cow for big pharma, with GlaxoSmithKline (NYSE: GSK  ) the indication's dominant player. However, investors looking for the biotech behind Glaxo's next-gen COPD drugs may find a surprise in Theravance  (NASDAQ: THRX  ) . The company recently split in two, with the money it earns from its role in Anoro and Breo Ellipta continuing under the old ticker, while the drug-development arm is reborn as Theravance Biopharma (NASDAQ: TBPH  ) .

In this episode of Market Check-Up, The Motley Fool's health care-focused investing show, analysts David Williamson and Michael Douglass dive in to everything COPD and discuss why Theravance may end up disappointing investors.

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