- The recent FDA approval of Orladeyo (Berotralstat) has completely de-risked BioCryst's future.
- Orladeyo has the ability to be a "blockbuster drug" and we are of the opinion that it very much has the ability to become Standard of Care.
- Income and a move to being FCF positive possibly as soon as 2021 puts BioCryst in the driver's seat for the first time in 26 years.
- The income from Orladeyo, estimated to be quite significant, can fund the remainder of the pipeline with a very long runway with patent to 2039.
- As BCX9930 gains traction in future trials, assuming bigger pharma doesn't come knocking, there is a clear path to Large Cap status.
For further details see:
BioCryst: Time To Switch Hats? A Mid Cap Fits Now, Maybe A Large Cap?