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BioCryst Launches ORLADEYO (berotralstat) in Spain

Key Takeaway: BioCryst Pharmaceuticals has received marketing authorization from the Spanish Ministry for Health for its drug ORLADEYO (berotralstat), designed for the routine prevention of recurrent hereditary angioedema (HAE) attacks in patients aged 12 and older. The company is optimistic about the impact this first oral, once-daily therapy will have on patients and healthcare providers in Spain. However, BioCryst has acknowledged potential risks related to the commercialization process and ongoing uncertainties due to external factors like the COVID-19 pandemic.

Market Sentiment Analysis

POSITIVE FACTORS

  • Marketing authorization for ORLADEYO in Spain signifies a major regulatory win.
  • The launch of ORLADEYO aims to provide a new treatment option for HAE patients.
  • BioCryst's team expresses enthusiasm about the potential impact of the drug in the market.

CONCERNS & RISKS

  • Potential risks associated with the ongoing COVID-19 pandemic affecting BioCryst's operations.
  • Uncertainties regarding the commercialization and market acceptance of ORLADEYO.
  • Possible additional regulatory requirements or studies that could delay product availability.

Full Press Release Details

RESEARCH TRIANGLE PARK, N.C., Nov. 21, 2023 (GLOBE NEWSWIRE) -- BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) today announced that the Spanish Ministry for Health (Ministerio de Sanidad) has granted marketing authorization for oral, once-daily ORLADEYO® (berotralstat) for the routine prevention of recurrent hereditary angioedema (HAE) attacks in HAE patients 12 years and older.
“We have an experienced and motivated team in Spain that is enthusiastic about the impact the availability of the first oral, once daily therapy can have for people with HAE in Spain,” said Charlie Gayer, chief commercial officer of BioCryst. “Spanish patients and physicians have shared with us the need to expand treatment options and we are excited now to be in a position to support access to those who can benefit most.”
About BioCryst Pharmaceuticals
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding BioCryst’s plans and expectations for ORLADEYO. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Some of the factors that could affect the forward-looking statements contained herein include: the ongoing COVID-19 pandemic, which could create challenges in all aspects of BioCryst’s business, including without limitation delays, stoppages, difficulties and increased expenses with respect to BioCryst’s and its partners’ development, regulatory processes and supply chains, negatively impact BioCryst’s ability to access the capital or credit markets to finance its operations, or have the effect of heightening many of the risks described below or in the documents BioCryst files periodically with the Securities and Exchange Commission; BioCryst’s ability to successfully implement its commercialization plans for, and to commercialize, ORLADEYO, which could take longer or be more expensive than planned; the commercial viability of ORLADEYO, including its ability to achieve market acceptance; the FDA, Spanish Ministry for Health, or other applicable regulatory agency may require additional studies beyond the studies planned for products and product candidates, may not provide regulatory clearances which may result in delay of planned clinical trials, may impose certain restrictions, warnings, or other requirements on products and product candidates, may impose a clinical hold with respect to product candidates, or may withhold, delay, or withdraw market approval for products and product candidates; BioCryst’s ability to successfully manage its growth and compete effectively; risks related to the international expansion of BioCryst’s business; and actual financial results may not be consistent with expectations, including that revenue, operating expenses and cash usage may not be within management's expected ranges. Please refer to the documents BioCryst files periodically with the Securities and Exchange Commission, specifically BioCryst’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, which identify important factors that could cause the actual results to differ materially from those contained in BioCryst’s forward-looking statements.

Frequently Asked Questions

What treatment has BioCryst received marketing authorization for?

BioCryst has received approval for ORLADEYO® (berotralstat) to prevent HAE attacks.

Who can use ORLADEYO for HAE treatment?

ORLADEYO is approved for patients aged 12 years and older.

How is ORLADEYO administered?

ORLADEYO is an oral medication taken once daily.

What is the significance of ORLADEYO in Spain?

It is the first oral therapy for routine HAE prevention available in Spain.

Who commented on the approval of ORLADEYO?

Charlie Gayer, BioCryst's chief commercial officer, expressed enthusiasm about its impact.

Last updated: Nov 21, 2023