BioCryst Pharmaceuticals: Seasoned Blockbuster Makes It A Buy
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BioCryst Pharmaceuticals is recommended as a 'Buy' due to the success and growth potential of its drug ORLADEYO, despite competition and a one-dimensional revenue stream. Q3 2024 results showed a modest revenue beat but a slight earnings miss, causing a 13% stock drop. ORLADEYO's revenue is expected to reach $1 billion annually by 2029.
December 09, 2024 | 7:00 pm
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BioCryst Pharmaceuticals experienced a 13% stock drop after Q3 2024 results showed a modest revenue beat but a slight earnings miss. However, ORLADEYO's strong revenue guidance and growth potential make it a 'Buy'.
Despite a 13% stock drop due to mixed Q3 results, the strong revenue guidance for ORLADEYO and its growth potential support a positive outlook for BioCryst. The market reaction may be short-lived as investors focus on long-term growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100