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NetworkNewsBreaks – Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN) Featured in Mizuho Securities Research Report

Company: Biohaven Pharmaceutical Holding Company (BHVN)
Category: Analyst Alerts

Biohaven Pharmaceutical Holding Company (NYSE: BHVN) was featured in a recent equity research report published by Mizuho Securities USA LLC. The report reads, “We are updating our Biohaven model after 2Q20 earnings, accounting for the results and the recently announced financing agreement with Royalty Pharma (RPRX; Not Covered) and term loan with Sixth Street to support Nurtec ODT’s ongoing launch and the development of zavegepant. We believe these agreements provide attractive forms of financing that obviate the near-term need for additional capital raise, while allowing Biohaven to compete in the migraine market. Nurtec’s uptake continues to impress us, and we expect payer reimbursement and discounts to improve as the product becomes established and patient promotional programs expire. We maintain our Buy rating but lower our PT to $82 (from $85) mainly due to increased assumptions around SG&A.”

To request access to the full report, visit http://nnw.fm/SaZ9d

About Biohaven Pharmaceutical Holding Company Ltd.

Biohaven is a commercial-stage biopharmaceutical company with a portfolio of innovative, best-in-class therapies to improve the lives of patients with debilitating neurological and neuropsychiatric diseases, including rare disorders. Biohaven’s neuroinnovation portfolio includes FDA-approved NURTEC(TM) ODT (rimegepant) for the acute treatment of migraine and a broad pipeline of late-stage product candidates across three distinct mechanistic platforms: CGRP receptor antagonism for the acute and preventive treatment of migraine; glutamate modulation for obsessive-compulsive disorder, Alzheimer’s disease, and spinocerebellar ataxia; and MPO inhibition for multiple system atrophy and amyotrophic lateral sclerosis. For more information, visit the company’s website at www.BiohavenPharma.com.

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