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BioCryst hits profitability with strong Q2 revenue, sparking takeover interest in rare disease biotech.

Market News
11 Aug 2026
24/7 Wall Street
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Bullish
BioCryst hits profitability with strong Q2 revenue, sparking takeover interest in rare disease biotech.

BioCryst Pharmaceuticals reported its first full year of profitability in 2025 and posted $218.25 million in revenue for Q2 2026, a 33.6% increase year-over-year. The company, known for its rare disease drug Orladeyo, which generated $158.2 million in Q2 revenue, is attracting takeover speculation following its acquisition of Astria Therapeutics earlier in 2026. Potential strategic buyers include Takeda, AstraZeneca, and others, though private equity interest is lower due to BioCryst's debt and obligations. Investors are watching for upcoming data on navenibart, a promising injectable drug, and any acquisition moves.

More News (AMGN)

Amgen to present at Morgan Stanley Healthcare Conference on Sept 15, 2026, sharing latest R&D and financial updates.

Amgen to present at Morgan Stanley Healthcare Conference on Sept 15, 2026, sharing latest R&D and financial updates.

Amgen announced it will present at the Morgan Stanley 24th Annual Global Healthcare Conference on September 15, 2026. Key executives Jay Bradner and Thomas Dittrich will discuss the company's research, development, artificial intelligence initiatives...

Market News
Neutral
1 day ago
Amgen shares drop 10% after Novartis fails cholesterol drug trial, despite Amgen's own cancer trial success.

Amgen shares drop 10% after Novartis fails cholesterol drug trial, despite Amgen's own cancer trial success.

Novartis' failed cholesterol drug trial for pelacarsen caused a sharp 14% drop in its stock and dragged down the entire Lp(a) drug class, hitting Amgen hardest with a 10% decline despite Amgen's positive Phase 3 lung cancer trial results announced th...

Market News
Bearish
2 days ago
Jim Cramer calls JNJ dip a buy amid strong sales and upcoming neuropsychiatry data.

Jim Cramer calls JNJ dip a buy amid strong sales and upcoming neuropsychiatry data.

Jim Cramer recommended buying Johnson & Johnson (JNJ) shares during a recent dip, citing upcoming data from the Psych Congress conference and strong sales growth. Despite a 2.33% drop in the session, JNJ has outperformed the market with a 53.76% gain...

Market News
Bullish
2 days ago
Amgen downgraded after Novartis trial failure raises doubts on cholesterol drug prospects

Amgen downgraded after Novartis trial failure raises doubts on cholesterol drug prospects

Investment firm BMO Capital downgraded Amgen's stock from "Outperform" to "Market Perform" following a major clinical trial failure by Novartis for a similar cholesterol drug. Novartis' drug pelacarsen failed in a late-stage Phase III trial, casting ...

Market News
Bearish
2 days ago
Phase 3 study shows IMDELLTRA plus durvalumab improves survival in extensive stage small cell lung cancer.

Phase 3 study shows IMDELLTRA plus durvalumab improves survival in extensive stage small cell lung cancer.

Amgen's Phase 3 DeLLphi-305 study demonstrated that IMDELLTRA (tarlatamab-dlle) combined with AstraZeneca's durvalumab significantly improves overall survival, progression-free survival, and response rates compared to durvalumab alone in patients wit...

Company Fundamentals
Bullish
2 days ago
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