POWER OF ATTORNEY

            The   undersigned   individual   (the   "Reporting  Person")  hereby
constitutes  and  appoints  Eric  d'Esparbes, signing singly, with full power of
substitution, as the Reporting Person's true and lawful attorney in fact to:

            (1)  prepare,  execute  in  the  Reporting  Person's name and on the
Reporting  Person's  behalf,  and  submit  to  the  U.S. Securities and Exchange
Commission  (the  "SEC")  a Form ID, including amendments thereto, and any other
documents  necessary  or  appropriate to obtain codes and passwords enabling the
Reporting  Person to make electronic filings with the SEC of Reports required by
Section  16(a)  of the Securities Exchange Act of 1934 or any rule or regulation
of the SEC;

            (2)  prepare and file on behalf of such Reporting Person any and all
reports, notices, communications and other documents (including, but not limited
to, reports on Schedule 13D, Schedule 13G, Form 13-F, Form 3, Form 4 and Form 5)
that  such Reporting Person may be required to file with the SEC pursuant to the
Securities  Act  of 1933, as amended (together with the implementing regulations
thereto,  the  "Act")  and  the  Securities  Exchange  Act  of  1934, as amended
(together  with  the  implementing  regulations  thereto,  the  "Exchange  Act")
(collectively,  the  "Reports") with respect to the Reporting Person's ownership
of,  or  transactions  in,  the  securities of Theravance, Inc. (the "Company"),
(whether directly or indirectly owned) by such Reporting Person;

            (3)  do  and  perform  any  and  all  acts  for and on behalf of the
Reporting Person which may be necessary or desirable to complete and execute any
such  Reports,  complete  and  execute  any amendment or amendments thereto, and
timely  file such form with the SEC and any stock exchange or similar authority;
and

            (4)  take any other action of any type whatsoever in connection with
the  foregoing which, in the opinion of such attorney in fact, may be of benefit
to,  in  the  best interest of, or legally required by, the Reporting Person, it
being  understood that the documents executed by such attorney in fact on behalf
of the Reporting Person pursuant to this Power of Attorney shall be in such form
and shall contain such terms and conditions as such attorney in fact may approve
in such attorney in fact's discretion.

            The  Reporting  Person  hereby  grants to such attorney in fact full
power  and  authority  to  do and perform any and every act and thing whatsoever
requisite,  necessary, or proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the Reporting
Person  might or could do if personally present, with full power of substitution
or  revocation,  hereby ratifying and confirming all that such attorney in fact,
or such attorney in fact's substitute or substitutes, shall lawfully do or cause
to  be done by virtue of this power of attorney and the rights and powers herein
granted.  The Reporting Person acknowledges that the foregoing attorney in fact,
in  serving  in  such  capacity  at  the request of the Reporting Person, is not
assuming  any  of the Reporting Person's responsibilities to comply with Section
16 of the Securities Exchange Act of 1934.

            This  Power  of  Attorney with respect to the Reporting Person shall
remain  in  full  force  and  effect  until  such  Reporting Person is no longer
required  to  file  any Reports with respect to the Reporting Person's ownership
of, or transactions in, the securities of the Company, unless earlier revoked in
a signed writing delivered to the foregoing attorney in fact.



      IN  WITNESS WHEREOF, the undersigned have caused this Power of Attorney to
be executed as of this 30th day of June, 2015.

                                                   /s/ Michael E. Faerm
                                                   -----------------------------
                                                   Michael E. Faerm