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BioCryst Pharmaceuticals(BCRX) - 2021 Q2 - Earnings Call Transcript
2021-08-05 19:13
Financial Data and Key Metrics Changes - The company reported $50 million in total revenue for Q2 2021, with $28.5 million coming from ORLADEYO net revenue [7][16] - Operating expenses for the quarter, excluding non-cash stock compensation, were $72 million, and the company ended Q2 with $223 million in cash [16][17] - The company expects ORLADEYO sales to reach no less than $100 million for the year, with a potential trajectory to exceed $500 million in global peak sales [9][18] Business Line Data and Key Metrics Changes - ORLADEYO's launch has been successful, with a 50% increase in prescribers in Q2 and 60% of new patients switching from other prophylactic therapies [11][12] - The APeX-2 trial data showed an 80% reduction in attacks for patients on ORLADEYO after 96 weeks, indicating strong efficacy [11][46] - The company is advancing the BCX9930 program into pivotal trials for PNH, with expectations of significant benefits over existing therapies [10][22] Market Data and Key Metrics Changes - The company has made significant progress in payer coverage, with approximately 70% of the HAE market having coverage policies for ORLADEYO [14][33] - Launches of ORLADEYO are underway in Japan and Germany, with plans for additional launches in the UK, France, and other markets over the next 12 months [15][56] Company Strategy and Development Direction - The company aims to continue growing ORLADEYO while pursuing approvals and launches for BCX9930 across various complement-mediated diseases [10][29] - The focus is on developing a pipeline of oral medicines for rare diseases, demonstrating commercial capabilities in this area [10][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving at least $100 million in sales for ORLADEYO, despite uncertainties related to patient visits and COVID-19 impacts [18][71] - The company is monitoring the effects of summer vacation schedules and COVID-19 on patient uptake and physician interactions [71][72] Other Important Information - The company has established a strong foundation for the second half of the year, with cash runway extending into 2023 [17][18] - Management highlighted the importance of patient retention and compliance, with current trends aligning with clinical trial data [46][47] Q&A Session Summary Question: Commentary on patient starts and pacing - Management noted strong and consistent new patient starts since launch, with 70% of patients now on reimbursed product [32][33] Question: On-demand versus prophylactic therapy outlook - Management indicated a shift towards prophylactic therapy, with potential market share settling at 80/20 or even 90/10 in favor of prophylactic options [37] Question: Enrollment timing for pivotal trials - Management emphasized the importance of selecting high-quality sites for enrollment in pivotal trials, with enthusiasm from leading hematologists [84] Question: Gross to net adjustments - Management reported improving gross to net adjustments as more patients transition to reimbursed products, expecting to reach 15% to 20% range [42][56] Question: Impact of COVID-19 on patient uptake - Management acknowledged variability in COVID-19 prevalence affecting face-to-face interactions but did not observe direct trends impacting patient uptake [74]
BioCryst Pharmaceuticals(BCRX) - 2021 Q1 - Earnings Call Transcript
2021-05-06 18:26
BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) Q1 2021 Results Conference Call May 6, 2021 8:30 AM ET Company Participants John Bluth - SVP, IR and Corporate Communications Jon Stonehouse - CEO Anthony Doyle - CFO Charlie Gayer - Chief Commercial Officer Dr. Bill Sheridan - Chief Medical Officer Megan Sniecinski - Chief Business Officer Dr. Helen Thackray - Chief R&D Officer Conference Call Participants Jessica Fye - JP Morgan Liisa Bayko - Evercore ISI Ken Cacciatore - Cowen & Co Serge Belanger - Needham & C ...
BioCryst Pharmaceuticals(BCRX) - 2021 Q1 - Quarterly Report
2021-05-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to ______________________ Commission File Number 000-23186 BIOCRYST PHARMACEUTICALS, INC. (Exact name of registrant as specified in its charter) D ...
BioCryst Pharmaceuticals(BCRX) - 2020 Q4 - Annual Report
2021-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 000-23186 BIOCRYST PHARMACEUTICALS, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of in ...
BioCryst Pharmaceuticals(BCRX) - 2020 Q4 - Earnings Call Transcript
2021-02-25 17:29
BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) Q4 2020 Earnings Conference Call February 25, 2021 8:30 AM ET Company Participants John Bluth - SVP, IR and Corporate Communications Jon Stonehouse - CEO Anthony Doyle - CFO Bill Sheridan - Chief Medical Officer Megan Sniecinski - Chief Business Officer Charlie Gayer - Chief Commercial Officer Conference Call Participants Jessica Fye - JPMorgan Brian Cheng - Bank of America David Dai - Barclays Maury Raycroft - Jefferies Operator Ladies and gentlemen, thank you f ...
BioCryst Pharmaceuticals(BCRX) - 2020 Q3 - Quarterly Report
2020-11-06 21:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to ______________________ Commission File Number 000-23186 BIOCRYST PHARMACEUTICALS, INC. (Exact name of registrant as specified in its charte ...