NYSE$BHVN
Biohaven Ltd old · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported financial results for the third quarter of 2023 and provided a review of recent accomplishments and anticipated upcoming milestones.
Biohaven reported a net loss of $102.6 million for the third quarter of 2023. The company's cash, cash equivalents, marketable securities, and restricted cash totaled approximately $495 million as of October 5, 2023, including net proceeds of $242 million from a public offering.
- BHV-1300, an IgG degrader, demonstrated IgG reductions of greater than 90% from baseline with repeat dosing in non-human primates.
- EEG biomarker study of BHV-7000 confirmed central nervous system (CNS) activity.
- Enrollment completed in pivotal Phase 3 study of taldefgrobep alfa for the treatment of spinal muscular atrophy (SMA).
- Successful completion of the SAD portion of the Phase 1 trial for BHV-8000, a brain penetrant TYK2/JAK1 inhibitor, and initiation of the MAD cohort to enable a Phase 2/3 clinical trial in 2024.
Headline financials
Revenue & EPS history
Biohaven · Revenue · Quarterly
$0
Forward guidance
Biohaven expects to reach significant pipeline milestones in the coming periods.
Tailwinds
- Announce additional Phase 1 EEG study results for Kv7 activator BHV-7000 at the American Epilepsy Society Annual Meeting in December.
- Initiate Phase 3 programs with BHV-7000 in the second half of 2023 and first half of 2024.
- Submit IND with BHV-1300, the Company's lead extracellular degrader.
- Submit IND with selective Gd-IgA1 degrader BHV-1400.
- Initiate Phase 2/3 study with brain penetrant, dual TYK2/JAK1 inhibitor BHV-8000 in Parkinson's disease.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q3 2023
-0.5%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+7.7%
Avg return
30 days after
50%
7 / 14 earnings
Positive
+12.6%
Q2 2024
Best reaction
-12.5%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -9.7% | -16.0% | -17.0% | |
| Q3 2024 | -6.5% | +0.5% | +28.3% | |
| Q3 2025 | -5.7% | +0.5% | +28.3% | |
| Q2 2025 | -9.0% | +6.6% | -5.0% | |
| Q1 2025 | +0.0% | -3.7% | -5.2% | |
| Q4 2024 | -2.2% | -7.1% | -36.3% | |
| Q2 2024 | +12.6% | +13.7% | +6.7% | |
| Q1 2024 | -12.5% | -8.7% | -17.5% | |
| Q4 2023 | +4.7% | +24.0% | +15.6% | |
| Q3 2023 | +1.0% | +4.6% | +30.9% | |
| Q2 2023 | +3.1% | +3.4% | -3.3% | |
| Q1 2023 | +5.3% | +2.2% | +72.6% | |
| Q4 2022 | +10.4% | +5.4% | +10.8% | |
| Q3 2022 | +1.2% | +2.2% | -0.9% | |
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