G101SPM
Jan 23, 2:23 PM
$BCRX $6.74
Holding long position
https://stocktwits.com/search/u/G101SPM?symbol=BCRX
BRIEF:
BioCryst Pharma completes acquisition of Astria Therapeutics (
$ATXS)
The transaction strengthens its position as a leader in hereditary angioedema and enhances the company's long-term growth trajectory. BioCryst adds navenibart, a late-stage, long-acting plasma kallikrein inhibitor currently in Phase 3 clinical development, to its HAE portfolio. The potential to be the first HAE therapy with every-three and every-six month dosing, combined with a high level of attack control, positions navenibart to significantly improve the treatment experience for HAE patients.
BioCryst also obtains Astria's early-stage program for atopic dermatitis, STAR0310, for which the company plans to pursue strategic alternatives.
The acquisition was completed for an implied transaction value of approximately
$700 million.
0 replies