SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
SCHEDULE 13G
(Rule 13d-102)
 
INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
 
(Amendment No. )*
 
Theravance Biopharma, Inc.
(Name of Issuer)
 
Ordinary Shares, par value $0.00001
(Title of Class of Securities)
 
G8807B106
(CUSIP Number)
 
                                 October 26, 2015                                 
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
 	☒	Rule 13d-1(b)	
 	☐	Rule 13d-1(c)	
 	☐	Rule 13d-1(d)	
 
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 
 
SCHEDULE 13G
CUSIP NO. G8807B106
 
1
 	NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
 
CF Woodford Equity Income Fund	
2	 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            	(a) ☐
(b)	
3	SEC USE ONLY

4	CITIZENSHIP OR PLACE OF ORGANIZATION
 
United Kingdom	

NUMBER OF
 
SHARES
 
BENEFICIALLY
 
OWNED BY EACH
 
REPORTING
 
PERSON WITH	5	SOLE VOTING POWER
 
0	 	
 	6	SHARED VOTING POWER
 
3,968,790 Ordinary Shares	 	 	
 	7	SOLE DISPOSITIVE POWER
 
0	 	 	 	
 	8	SHARED DISPOSITIVE POWER
 
3,968,790 Ordinary Shares	 	 	 	

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,968,790 Ordinary Shares	
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
10.5% (See Item 4)	
12	TYPE OF REPORTING PERSON
 
OO	
 
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SCHEDULE 13G
CUSIP NO. G8807B106
 
Item 1(a).	Name of Issuer:	
 
Theravance Biopharma, Inc. (the "Issuer").
 
Item 1(b).	Address of Issuer's Principal Executive Offices:	
 
Ugland House, South Church Street
George Town, Grand Cayman, Cayman Islands
 
Items 2(a),
(b) and (c).	Name of Persons Filing, Address of Principal Business Office and Citizenship:	
This Schedule 13G is being filed on behalf of CF Woodford Equity Income Fund (the "Reporting Person").
 
The principal business office of the Reporting Person is 40 Dukes Place, London, EC3A 7NH, United Kingdom. For citizenship, see Item 4 of the cover page.
 
Item 2(d).	Title of Class of Securities:	
 
Ordinary Shares, par value $0.00001.
 
Item 2(e).	CUSIP Number:	
 
G8807B106
 
Item 3.	If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:	
 
 	(a)	☐	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).	
 
 	(b)	☐	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).	
 
 	(c)	☐	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).	
 
 	(d)	☐	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).	
 
 	(e)	☐	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).	
 
 	(f)	☐	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).	
 
 	(g)	☐	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).	
 
 	(h)	☐	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).	
 
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SCHEDULE 13G
CUSIP NO. G8807B106
 
 	(i)	☐	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).	
 
 	(j)	☒	A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J).	
 
 	(k)	☐	Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:	
 
Item 4.	Ownership.	
 
(a)          Amount beneficially owned:
 
 	 	3,968,790 Ordinary Shares.	
 
(b)          Percent of class:
 
 	 	Based on 37,798,347 Ordinary Shares of the Issuer outstanding as of as of October 26, 2015, including those Ordinary Shares reported in the Issuer’s most recent Quarterly Report on Form 10-Q, filed with the SEC on August 13, 2015, and those Ordinary Shares issued to the Reporting Person on October 26, 2015, the Reporting Person holds approximately 10.5% of the issued and outstanding Ordinary Shares of the Issuer.	
 
(c)	Number of shares to which such person has:
 
 	(i)	Sole power to vote or direct the vote: 0	
 	 	 	
 	(ii)	Shared power to vote or direct the vote: 3,968,790*	
 	 	 	
 	(iii)	Sole power to dispose or to direct the disposition of: 0	
 	 	 	
 	(iv)	Shared power to dispose of or direct the disposition of: 3,968,790*	
 
*This statement is being filed on behalf of CF Woodford Equity Income Fund (the “Woodford Fund”). Woodford Investment Management LLP (“WIM”) is the Manager of the Woodford Fund, and WIM and its controlling person may be deemed to be the beneficial owner of the Ordinary Shares of the Issuer beneficially owned by the Woodford Fund. The Woodford Fund may also be deemed to be the beneficial owner of such Ordinary Shares of the Issuer because the Management Agreement between the Woodford Fund and WIM may be terminated at any time upon 60 days’ or less notice.
 
Item 5.	Ownership of Five Percent or Less of a Class.	
 
Not applicable
 
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SCHEDULE 13G
CUSIP NO. G8807B106
 
Item 6.	Ownership of More than Five Percent on Behalf of Another Person.	
 
Not applicable
 
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported By the Parent Holding Company.	
 
Not applicable
 
Item 8.	Identification and Classification of Members of the Group.	
 
Not applicable
 
Item 9.	Notice of Dissolution of a Group.	
 
Not applicable
 
Item 10.	Certification.	
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
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SCHEDULE 13G
CUSIP NO. G8807B106
 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 	Dated:	November 10, 2015	
 
 	CF WOODFORD EQUITY INCOME FUND	
 	by: Woodford Investment Management LLP, its Manager	
 	 	 	
 	By:	/s/ Simon Osborne	
 	 	Name: Simon Osborne	
 	 	Title:   Head of Compliance and
            Authorized Signatory	
 
This Schedule 13G is being filed on behalf of CF Woodford Equity Income Fund (the “Woodford Fund”). Woodford Investment Management LLP is the Manager of the Woodford Fund, and has investment discretion over securities held by the Woodford Fund.

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