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BioCryst Pharmaceuticals Inc. (Nasdaq: BCRX) is a global biotechnology company dedicated to improving the lives of individuals living with rare and serious diseases. Founded in 1986, BioCryst specializes in designing, optimizing, and developing novel small-molecule drugs that block key enzymes involved in infectious and rare diseases. Headquartered in Research Triangle Park, North Carolina, with a discovery center in Birmingham, Alabama, the company harnesses its expertise in drug discovery, clinical development, regulatory affairs, and product commercialization.
BioCryst is known for its flagship product, ORLADEYO® (berotralstat), the first oral, once-daily plasma kallikrein inhibitor specifically designed to prevent attacks of hereditary angioedema (HAE) in adults and pediatric patients aged 12 years and older. The efficacy of ORLADEYO has been demonstrated through multiple clinical studies and real-world data, showing significant reductions in HAE attack rates across various patient profiles.
The company's robust pipeline includes several innovative programs such as BCX17725 for Netherton syndrome and avoralstat for diabetic macular edema (DME). BioCryst's research spans multiple scientific disciplines, including biology, computer modeling, and medicinal chemistry, targeting therapeutic areas like acute uncomplicated influenza, hereditary angioedema, filoviruses (Ebola and Marburg), and oncology.
In recent announcements, BioCryst reported strong financial performance with ORLADEYO net revenue experiencing substantial growth. The company also continues to expand globally, with recent approvals of ORLADEYO in major markets, including Brazil and Mexico. Partnerships with organizations such as Pint Pharma help BioCryst extend its reach and bring life-changing treatments to patients worldwide.
BioCryst remains committed to advancing its clinical programs, generating new compounds, and upholding a culture of engagement and accountability. The company's ongoing dedication to developing innovative therapeutics aims to address unmet medical needs and provide better health outcomes for patients suffering from rare and serious conditions.
For more information, please visit www.biocryst.com or follow them on LinkedIn.
BioCryst Pharmaceuticals (BCRX) announced the grant of 91,000 stock options to 11 new employees, effective December 31, 2021. The options, part of an inducement plan under Nasdaq Rule 5635(c)(4), have an exercise price of $13.85, matching the stock's closing price on the grant date. The options vest in four equal annual installments beginning one year after the grant. This initiative aligns with BioCryst's focus on attracting talent for its ongoing development of treatments for rare diseases, including multiple candidate therapies.
BioCryst Pharmaceuticals (BCRX) will present at the 40th Annual J.P. Morgan Healthcare Conference on January 10, 2022, at 9:45 a.m. ET. The event will be conducted virtually, allowing investors to listen via a live audio webcast. BioCryst focuses on developing novel, oral medicines for rare diseases, with products like ORLADEYO® and RAPIVAB® already approved in various regions. The company is also advancing programs for several treatments targeting specific diseases. For more details, visit www.biocryst.com.
BioCryst Pharmaceuticals (BCRX) announced the grant of inducement options for 84,000 shares to 11 new employees on November 30, 2021. The options, priced at $12.06 per share, match the stock's closing price on that date and vest over four years. This grant complies with Nasdaq Listing Rule 5635(c)(4). BioCryst focuses on developing oral medicines for rare diseases, with ongoing programs like BCX9930 and BCX9250. Their product ORLADEYO® is already approved in multiple regions, including the U.S. and Europe.
BioCryst Pharmaceuticals (Nasdaq: BCRX) has announced the enrollment of the first patient in the REDEEM-2 pivotal trial for its oral Factor D inhibitor, BCX9930, aimed at treating paroxysmal nocturnal hemoglobinuria (PNH). This randomized, placebo-controlled trial will involve around 57 patients, with part 1 assessing the drug's safety and efficacy over 12 weeks. Prior trials showed BCX9930 significantly increased hemoglobin levels and was well tolerated. The FDA has granted Fast Track status and Orphan Drug Designation for BCX9930.
BioCryst Pharmaceuticals (BCRX) has secured $350 million in funding through agreements with Royalty Pharma and OMERS Capital Markets. This funding will strengthen the development of BCX9930, an oral Factor D inhibitor, and support the global launch of ORLADEYO® (berotralstat). Royalty Pharma will provide $150 million for royalties on net sales of BCX9930 and ORLADEYO, while OMERS will also contribute $150 million, focusing on royalties from ORLADEYO. This strategic financing aims to advance ongoing pivotal trials and prepare for regulatory submissions, enhancing BioCryst's growth potential.
BioCryst Pharmaceuticals (Nasdaq: BCRX) announced its participation in several upcoming virtual investor conferences. Notable events include the 2021 Jefferies London Healthcare Conference on November 18, the Piper Sandler 33rd Annual Virtual Healthcare Conference on November 22, the Evercore ISI HeathCONx Conference on December 1, and the JMP Securities Hematology and Oncology Summit on December 6. Links to live audio webcasts and replays will be available on BioCryst's website. The company focuses on developing innovative medicines for rare diseases.
BioCryst Pharmaceuticals announced promising long-term efficacy and safety data for ORLADEYO (berotralstat) at the 2021 ACAAI Annual Scientific Meeting. The APeX-S study revealed patients switching from injectable prophylactic therapies experienced over 80% attack-free months. ORLADEYO demonstrated low attack rates, with a median of 0.0 attacks per month over 12 months. Patient satisfaction improved significantly, with marked increases in treatment convenience. These results position ORLADEYO as a transformative option for hereditary angioedema (HAE) patients.
BioCryst Pharmaceuticals (BCRX) reported Q3 2021 revenue of $41.0 million, up from $6.1 million year-over-year, driven by ORLADEYO® (berotralstat) net revenue of $37.0 million. The company projects full-year 2021 ORLADEYO revenue between $115 million and $120 million. Strong patient demand persists, with significant physician adoption and near-complete payer coverage. However, R&D expense rose to $50.0 million, and the net loss was $58.8 million, or $0.33 per share. Cash and investments were $203.9 million as of September 30, 2021.
BioCryst Pharmaceuticals (BCRX) announced the grant of inducement options for 95,500 shares to 10 new employees as of October 29, 2021. The exercise price is set at $14.93, aligning with the closing stock price on the grant date. The options vest in four annual installments, contingent on continued employment, and have a term of 10 years. BioCryst is focused on developing innovative treatments for rare diseases, with notable products including ORLADEYO® and RAPIVAB®.
BioCryst Pharmaceuticals (Nasdaq:BCRX) has appointed Jinky Ang Rosselli as chief data and insights officer. In this capacity, she will lead a global team to enhance the company’s data science and analytics capabilities, aiming to inform strategic decisions. Rosselli, previously vice president of global business analysis, has a strong background in data-driven insights, which has contributed to the successful launch of ORLADEYO® (berotralstat). Her leadership is expected to further optimize BioCryst's commercial infrastructure and drive future innovations across various disease-related pipelines.
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