The following is a summary of the BioCryst Pharmaceuticals, Inc. (BCRX) Q1 2024 Earnings Call Transcript:
Financial Performance:
BioCryst Pharmaceuticals reported a Q1 revenue of $92.8 million, exceeding expectations with ORLADEYO revenue contributing $88.9 million.
An increase in revenue was driven primarily by patient growth and efficient prescription reauthorization processes.
The company raised its 2024 ORLADEYO revenue guidance to $390 million - $400 million.
Operating expenses for Q1 were at $93.6 million, up by $10.4 million from Q1 2023.
BioCryst ended the quarter with a cash balance of $338.4 million with net cash usage at $52.4 million.
Business Progress:
The company's ORLADEYO pediatric program completed patient enrollment with plans for approval filing next year.
The ongoing trial of BCX10013, a Factor D inhibitor, is expected to either result in a partnership or be discontinued by the end of the year.
Pipeline programs, such as BCX17725 for Netherton syndrome and avoralstat for Diabetic Macular Edema (DME), are moving towards clinical trials.
BioCryst's research programs are striving to deliver inhibitors for every pathway in the complement system.
The next 12 months will see advancements in multiple pipeline programs into patient studies, as well as the expected pediatric approval filing for ORLADEYO.
More details: BioCryst Pharmaceuticals IR
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