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Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2014
Subsequent Events
Subsequent Events	13. Subsequent Events *Declaration of Cash Dividends* On July 25, 2014, Theravance’s Board of Directors declared a $0.25 per share dividend for the third quarter of 2014. The dividend will be paid on September 18, 2014 to all stockholders of record as of the close of business on August 28, 2014. The dividend was publicly announced by Theravance on August 6, 2014. *Conversion of 2023 Notes* On July 15, 2014, certain holders of the 2023 Notes converted their notes into 1,519,367 shares of our common stock at the conversion price of $21.32 per share. In connection with the partial conversion of the 2023 Notes, we will receive 149,645 shares of our common stock from our hedge counterparty.