BioCryst: Upgrading On Strong 2024 Orladeyo Sales, But I Remain Skeptical
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BioCryst Pharmaceuticals has been upgraded from a 'Sell' to 'Hold' due to better-than-expected performance, particularly with its drug Orladeyo. Despite impressive growth in 2024, competitive pressures may hinder reaching the $1bn revenue target. Q4 2024 earnings showed improvement, but guidance led to a sell-off.
February 25, 2025 | 11:45 pm
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BioCryst Pharmaceuticals has been upgraded to 'Hold' due to strong 2024 Orladeyo sales. However, competitive pressures may prevent reaching the $1bn revenue target. Q4 2024 earnings improved, but guidance for ~22% growth led to a sell-off.
The upgrade to 'Hold' reflects improved performance, particularly with Orladeyo. However, the competitive landscape and skepticism about reaching the $1bn target temper enthusiasm. The Q4 earnings improvement is positive, but the market reacted negatively to the growth guidance, indicating mixed investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100