Jul. 27 at 8:14 PM
Biohaven shares rose in afternoon trading, supported by positive momentum from a landmark federal jury verdict that upheld the company's exclusive rights to Yale University's MODA targeted protein degradation platform. The ruling found Avilar Therapeutics and RA Capital Management had willfully misappropriated trade secrets and awarded Biohaven and Yale
$4 million in damages.
The decision strengthens Biohaven's intellectual property position around its extracellular protein degradation programs, including BHV-1300 for Graves' disease and BHV-1400 for IgA nephropathy. Investors are also looking ahead to key clinical catalysts, including Phase 2/3 RISE3 epilepsy data for opakalim and Phase 2 obesity trial results for taldefgrobep alfa, both expected in the second half of 2026. Analysts remain broadly bullish, with consensus price targets well above current levels.
$BHVN