TG Therapeutics Inc — Cyborg Score 7/10

Strong
Biopharmaceutical / Oncology & Immunology

Strategic Profile

The company generates a majority of its revenue selling BRIUMVI in the United States, with the rest coming from sales in other countries. In development are TG-1701 (BTK inhibitor), Azer-Cel (allogeneic CD19 CAR T), and TG-1801 (anti-CD47/CD19 bispecific mAb) for B-cell disorders, under Phase 1 trials. The company is uniquely positioned to capture market share in B-cell diseases with a commercial-stage asset driving near-term revenue growth.

Cyborg Score Rationale

TG Therapeutics reported full year 2025 revenue of approximately $616 million, with BRIUMVI U.S. net product revenue of $594 million. The company targets $875–900 million in total global revenue for 2026, including $825–850 million of BRIUMVI U.S. net product revenue. Strong commercial momentum, multiple development milestones, and aggressive guidance support positive outlook, though biotech volatility and competitive pressures present execution risks.

Top Insights

  • 2026 guidance of $875–900M total global revenue represents 42% growth versus 2025 actuals
  • TG Therapeutics ranked #27 on the Deloitte Technology Fast 500, reflecting rapid growth after BRIUMVI's December 2022 FDA approval
  • Key development milestones include pivotal topline ENHANCE data mid-2026, Phase 1 Azer-Cel data H2 2026, and pivotal subcutaneous BRIUMVI data year-end 2026/1Q 2027
  • Goldman Sachs raised price target to $39 on January 15, 2026, citing strong 2026 revenue guidance and Phase 3 subcutaneous BRIUMVI enrollment progressing ahead of expectations

Named Competitors

  • Ocrevus — Anti-CD20 monoclonal antibody for relapsing MS
  • Kesimpta — Anti-CD20 therapy for relapsing-remitting MS
  • Vumerity — BTK inhibitor for multiple sclerosis
  • Aytu Biopharma Portfolio — Competing immunotherapy programs

Recent Developments

  • (January 2026) Reported $616M full-year 2025 revenue, beating guidance; raised 2026 target to $875-900M
  • (January 2026) Goldman Sachs raised price target to $39, maintaining Neutral rating on strong guidance
  • (February 2026) Presented BRIUMVI real-world and pediatric trial data at ACTRIMS Forum in San Diego

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