Biohaven Reports Third Quarter 2024 Financial Results and Recent Business Developments

PR Newswire11-13

Cash, cash equivalents, marketable securities and restricted cash as of October 2, 2024 totaled approximately $642 million Achieved positive topline trial results from pivotal trial with troriluzole ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiohaven Reports Third Quarter 2024 Financial Results and Recent Business Developments\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 05:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/biohaven-reports-third-quarter-2024-210500007.html><strong>PR Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cash, cash equivalents, marketable securities and restricted cash as of October 2, 2024 totaled approximately $642 million\nAchieved positive topline trial results from pivotal trial with troriluzole ...</p>\n\n<a href=\"https://finance.yahoo.com/news/biohaven-reports-third-quarter-2024-210500007.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ADC","symbol_name":"艾格里房产","start_time":0,"source_url":"https://finance.yahoo.com/news/biohaven-reports-third-quarter-2024-210500007.html","article_id":"2483068509","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Duiufk0ancRB3jZX3mKC2g--~B/aD0xMTc7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/97c920f549c08730efa2caa3d86a161a"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/biohaven-reports-third-quarter-2024-210500007.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2483068509","pubTimestamp":1731445500,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Cash, cash equivalents, marketable securities and restricted cash as of October 2, 2024 totaled approximately $642 million. Achieved positive topline trial results from pivotal trial with troriluzole in spinocerebellar ataxia . Troriluzole 200 mg QD dosed orally in patients with SCA met the study's primary endpoint on the change from baseline on the modified functional Scale for the Assessment and Rating of Ataxia  at 3 years in all study population genotypes. Statistically significant superiority achieved on 9 consecutive, prespecified primary and secondary endpoints. Both the study protocol and statistical analysis plan were submitted to, and reviewed by, the U.S. Food and Drug Administration  prior to topline data analysis. Study designed in discussion with the FDA and utilized Phase 3 data and an external control of matched, untreated SCA subjects from the U.S. Clinical Research Consortium for the Study of Cerebellar Ataxia  in accordance with the FDA's Guidance on Real-World Evide","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ADC":"艾格里房产","BK4139":"生物科技","BHVN":"Biohaven Pharmaceutical Holding Co Ltd.","GRO":"Brazil Potash Corp.","SCA":"Stellus Capital Investment Corporation","BK4080":"零售业房地产投资信托","BK4231":"零售房地产信托","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC"},"translate_title":"Biohaven报告2024年第三季度财务业绩和近期业务发展","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADC":1,"GRO":1,"SCA":1,"BHVN":0.9},"content_text":"Cash, cash equivalents, marketable securities and restricted cash as of October 2, 2024 totaled approximately $642 million\nAchieved positive topline trial results from pivotal trial with troriluzole in spinocerebellar ataxia (SCA)\n   \nTroriluzole 200 mg QD dosed orally in patients with SCA met the study's primary endpoint on the change from baseline on the modified functional Scale for the Assessment and Rating of Ataxia (f-SARA) at 3 years in all study population genotypes\nStatistically significant superiority achieved on 9 consecutive, prespecified primary and secondary endpoints\nBoth the study protocol and statistical analysis plan were submitted to, and reviewed by, the U.S. Food and Drug Administration (FDA) prior to topline data analysis\nStudy designed in discussion with the FDA and utilized Phase 3 data and an external control of matched, untreated SCA subjects from the U.S. Clinical Research Consortium for the Study of Cerebellar Ataxia (CRC-SCA) in accordance with the FDA's Guidance on Real-World Evidence (RWE) of effectiveness\nCRC-SCA external control included contemporaneous natural history data gathered from 2010-2024\nPlanned New Drug Application (NDA) re-submission in 4Q 2024\nCompleted clarification meeting with CHMP Rapporteurs in 4Q 2024 and MAA documents are being updated to include the new positive BHV4157-206-RWE study data with broader indication to include all SCA genotypes\n\nTaldefgrobep alfa, a myostatin-inhibitor, Phase 3 topline data in spinal muscular atrophy (SMA) in 4Q 2024 and Phase 2 trial protocol in obesity expected in 4Q 2024\nAdvancing extracellular Molecular Degrader of Extracellular Protein (MoDE) programs\n   \n3 additional investigational agents expected to enter Phase 1 studies in the next quarter\nAnticipate Phase 1 update for BHV-1300, including subcutaneous formulation, before year-end\n\nBroad progress with TRPM3 antagonist\n   \nInitiated pivotal Phase 2 trial evaluating BHV-2100, a TRPM3 antagonist, in the acute treatment of migraine\nInitiated separate proof of concept study with BHV-2100 in neuropathic pain\n\nPatient enrollment continues across 5 Phase 2/3 trials with Kv7 activator, BHV-7000, in epilepsy and mood disorders (bipolar and major depressive disorder (MDD)) with potential for multiple data readouts in 2025\nContinued progress with antibody drug conjugate (ADC) portfolio\n   \nBHV-1510 currently dosing cancer patients in Phase 1/2 study, advancing towards combination dosing of BHV-1510 with Libtayo® in 4Q 2024\n\n\nNEW HAVEN, Conn., Nov. 12, 2024 /PRNewswire/ -- Biohaven Ltd. (NYSE: BHVN) (Biohaven or the Company), a global clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of life-changing therapies to treat a broad range of rare and common diseases, today reported financial results for the third quarter ended September 30, 2024, and provided a review of recent accomplishments and anticipated upcoming developments.\n\n  \n\nVlad Coric, M.D., Chairman and Chief Executive Officer of Biohaven, commented, \"The team at Biohaven continues to advance multiple late and early stage assets that have the potential to change the current standard of care treatment paradigm across a number of diseases. Last quarter we announced positive topline results in our RWE trial assessing troriluzole for the treatment of spinocerebellar ataxia. Troriluzole (200 mg dosed orally) met the study's primary endpoint on the change from baseline in the f-SARA at 3 years in all study population genotypes, showed statistically significant superiority after both 1 and 2 years of treatment, and achieved statistically significant superiority on 9 consecutive, prespecified primary and secondary endpoints. This was truly a watershed moment for the Company, given the implications of potentially bending the arc of one of the most intractable neurological diseases with no currently approved treatment options. SCA robs patients of their ability to speak, walk, and take care of themselves, and often shortens lifespans and has unfortunate intergenerational implications. We were encouraged by the robust dataset gathered to date and look forward to submitting an NDA to the FDA.\" \nDr. Coric continued, \"We continue to execute across our broad pipeline including the recent initiation of our Phase 2 trial with BHV-2100 in acute migraine. Migraine burden and disability remain high despite advances in treatment; we believe our TRPM3 antagonistic approach has the potential to be a highly-effective, non-sedating, non-opioid treatment for pain and migraine. In the final months of 2024, we expect to report on a number of updates including SMA topline data and data across our MoDE™ platform including a SAD/MAD update and multiple INDs spanning β1AR for the potential treatment of dilated cardiomyopathy, galactose deficient IgA for IgA nephropathy and a further optimized IgG degrader for use in rare diseases.\"\nThird Quarter 2024 and Recent Business Highlights\n\nAchieved positive topline results in pivotal study of troriluzole in SCA - In September 2024, the Company announced positive topline results from pivotal Study BHV4157-206-RWE demonstrating the efficacy of troriluzole on the mean change from baseline in the f-SARA after 3 years of treatment. The study achieved the primary endpoint and showed statistically significant improvements on the f-SARA at years 1 and 2. Additionally, troriluzole achieved statistically significant superiority on 9 consecutive, prespecified primary and secondary endpoints. SCA patients treated with troriluzole showed a 50-70% slowing of disease progression, representing 1.5-2.2 years delay in disease progression over the 3-year study period. The Company intends to submit an NDA to the FDA for troriluzole in the treatment of all SCA genotypes in 4Q 2024. The development program for troriluzole has been granted orphan and fast track designations, and is eligible for priority review. European Medicines Agency marketing authorization remains under review and Biohaven completed a clarification meeting with CHMP Rapporteurs in 4Q 2024. MAA documents are being updated to include the new positive BHV4157-206-RWE study data with broader indication to include all SCA genotypes. \nInitiated Phase 2 trial evaluating BHV-2100 in the acute treatment of migraine - In September 2024, the Company initiated a Phase 2 study of an orally administered TRPM3 antagonist, BHV-2100, in the acute treatment of migraine. The study is a randomized, double-blind, placebo-controlled trial assessing the efficacy and safety of two doses (75 mg and 150 mg) of BHV-2100 in the acute treatment of migraine. The trial is designed to support registration with FDA-accepted co-primary endpoints of pain freedom and freedom from most bothersome symptom at 2 hours and is expected to enroll approximately 575 patients across 60 sites in the United States. \nPublic offering - On October 2, 2024, the Company closed its previously announced underwritten public offering of 6,052,631 of its common shares, which included the full exercise of the underwriters' option to purchase additional shares, at the public offering price of $47.50 per share. The net proceeds raised in the offering, after deducting underwriting discounts and estimated expenses of the offering payable by the Company, were approximately $269.9M. As of November 8, 2024, we had 101,122,246 common shares outstanding.\n\nExpected Upcoming Milestones:\nWe believe Biohaven is well positioned to achieve significant milestones in 2024 and 2025 across numerous programs:\nSelective Kv7 Activator: \n\nContinue 5 ongoing Phase 2/3 trials with BHV-7000 in focal epilepsy, idiopathic generalized epilepsy, MDD, and bipolar disorder\n\nTroriluzole: \n\nNDA submission to FDA on track for 4Q 2024, following release of pivotal topline results in SCA in September 2024\nTwo Phase 3 trials with troriluzole in OCD; expect to conduct interim analysis of the second Phase 3 OCD trial in 4Q 2024 and report topline data from first Phase 3 OCD trial in 1H 2025\n\nTaldefgrobep alfa: \n\nReport topline data from Phase 3 trial with taldefgrobep in SMA in 4Q 2024\nInitiate Phase 2 trial with taldefgrobep in obesity in 4Q 2024 or early 2025\n\nFirst-in-class TRPM3 Antagonist: \n\nContinue advancing enrollment in Phase 2 trial with BHV-2100 in acute migraine and neuropathic pain (laser-evoked potential experimental pain paradigm)\n\nTYK2/JAK1 Inhibitor: \n\nComplete SAD/MAD studies with BHV-8000 and advance to Phase 2 in the coming months\n\nMoDE™ Platform\n\nSubmit a total of 4 INDs in 2024\nContinue to advance Phase 1 SAD and MAD studies with subcutaneous BHV-1300, with a further study update in 4Q 2024\n\nNext Generation ADC Platform: \n\nAdvance Phase 1 Trop-2 directed program BHV-1510 in multiple tumor types\n\nCapital Position:\nCash, cash equivalents, marketable securities and restricted cash as of October 2, 2024 totaled approximately $642 million, which includes net proceeds of $269.9 million from the public offering of 6,052,631 common shares completed on October 2, 2024.\nThird Quarter 2024 Financial Highlights:\nResearch and Development (R&D) Expenses: R&D expenses, including non-cash share-based compensation costs, were $157.6 million for the three months ended September 30, 2024, compared to $95.5 million for the three months ended September 30, 2023. The increase of $62.1 million was due to additional and advancing clinical trials, including late Phase 3 and Phase 2/3 studies, and preclinical research programs in 2024, as compared to the same period in the prior year. Non-cash share-based compensation expense was $7.2 million for the three months ended September 30, 2024, an increase of $5.0 million as compared to the same period in 2023. Non-cash share-based compensation expense was higher in the third quarter of 2024, primarily due to our annual equity incentive awards granted in the fourth quarter of 2023 and the first quarter of 2024.\nGeneral and Administrative (G&A) Expenses: G&A expenses were $20.6 million for the three months ended September 30, 2024, compared to $15.0 million for the three months ended September 30, 2023. The increase of $5.5 million was partly due to increased non-cash share-based compensation expense, which was $5.0 million for the three months ended September 30, 2024, an increase of $2.7 million as compared to the same period in 2023. Non-cash share-based compensation expense was higher in the third quarter of 2024 primarily due to our annual equity incentive awards granted in the fourth quarter of 2023 and the first quarter of 2024.\nOther Income, Net: Other income, net was $17.8 million for the three months ended September 30, 2024, compared to other income, net of $4.7 million for the three months ended September 30, 2023. The increase of $13.1 million was primarily due to non-cash changes in the fair value of our derivative liabilities recorded in connection with the amendment to our Membership Interest Purchase Agreement with Knopp Biosciences LLC in May 2024 (the Knopp Amendment), as well as increased investment income, partially offset by changes in the fair value of our forward contract liability recorded in connection with the Knopp Amendment.\nNet Loss: Biohaven reported a net loss for the three months ended September 30, 2024 of $160.3 million, or $1.70 per share, compared to $102.6 million, or $1.50 per share, for the same period in 2023. Non-GAAP adjusted net loss for the three months ended September 30, 2024 was $164.1 million, or $1.74 per share, compared to $98.1 million, or $1.44 per share for the same period in 2023. These non-GAAP adjusted net loss and non-GAAP adjusted net loss per share measures, more fully described below under \"Non-GAAP Financial Measures,\" exclude non-cash share-based compensation charges and losses from the change in fair value of derivatives. A reconciliation of the GAAP financial results to non-GAAP financial results is included in the tables below.\nNon-GAAP Financial MeasuresThis press release includes financial results prepared in accordance with accounting principles generally accepted in the United States (GAAP), and certain non-GAAP financial measures. In particular, Biohaven has provided non-GAAP adjusted net loss and adjusted net loss per share, which are adjusted to exclude non-cash share-based compensation, which is substantially dependent on changes in the market price of common shares, and changes in the fair value of derivative liabilities, which do not correlate to actual cash payment obligations in the relevant periods. Non-GAAP financial measures are not an alternative for financial measures prepared in accordance with GAAP. However, Biohaven believes the presentation of non-GAAP adjusted net loss and adjusted net loss per share, when viewed in conjunction with GAAP results, provides investors with a more meaningful understanding of ongoing operating performance and can assist investors in comparing Biohaven's performance between periods.\nIn addition, these non-GAAP financial measures are among those indicators Biohaven uses as a basis for evaluating performance, and planning and forecasting future periods. These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for GAAP financial measures. A reconciliation between these non-GAAP measures and the most directly comparable GAAP measures is provided later in this news release.\nAbout Biohaven Biohaven is a biopharmaceutical company focused on the discovery, development, and commercialization of life-changing treatments in key therapeutic areas, including immunology, neuroscience, and oncology. The company is advancing its innovative portfolio of therapeutics, leveraging its proven drug development experience and multiple proprietary drug development platforms. Biohaven's extensive clinical and preclinical programs include Kv7 ion channel modulation for epilepsy and mood disorders; extracellular protein degradation for immunological diseases; TRPM3 antagonism for migraine and neuropathic pain; TYK2/JAK1 inhibition for neuroinflammatory disorders; glutamate modulation for OCD and SCA; myostatin inhibition for neuromuscular and metabolic diseases, including SMA and obesity; antibody recruiting bispecific molecules and antibody drug conjugates for cancer.\nForward-looking StatementsThis news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of certain words, including \"continue\", \"plan\", \"will\", \"believe\", \"may\", \"expect\", \"anticipate\" and similar expressions, is intended to identify forward-looking statements. Investors are cautioned that any forward-looking statements, including statements regarding the future development, timing and potential marketing approval and commercialization of development candidates, are not guarantees of future performance or results and involve substantial risks and uncertainties. Actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors including: the expected timing, commencement and outcomes of Biohaven's planned and ongoing clinical trials; the timing of planned interactions and filings with the FDA; the timing and outcome of expected regulatory filings; complying with applicable U.S. regulatory requirements; the potential commercialization of Biohaven's product candidates; the potential for Biohaven's product candidates to be first in class therapies; and the effectiveness and safety of Biohaven's product candidates. Additional important factors to be considered in connection with forward-looking statements are described in Biohaven's filings with the Securities and Exchange Commission, including within the sections titled \"Risk Factors\" and \"Management's Discussion and Analysis of Financial Condition and Results of Operations\". The forward-looking statements are made as of the date of this news release, and Biohaven does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.\n\n\n\n\nBIOHAVEN LTD. \n\n\n\n\n\nCONSOLIDATED STATEMENTS OF OPERATIONS \n\n\n\n\n\n(Amounts in thousands, except share and per share amounts) \n\n\n\n\n\n(Unaudited) \n\n\n\n\n\n\n\n\n\n\n\nThree Months EndedSeptember 30, \n\nNine Months Ended September30, \n\n\n\n\n2024 \n\n2023 \n\n2024 \n\n2023 \n\n\nOperating expenses: \n\n\n\n\n\n\n\n\n\n\nResearch and development \n\n$        157,607 \n\n$          95,517 \n\n$        628,398 \n\n$        238,468 \n\n\nGeneral and administrative \n\n20,561 \n\n15,030 \n\n66,782 \n\n43,872 \n\n\nTotal operating expenses \n\n178,168 \n\n110,547 \n\n695,180 \n\n282,340 \n\n\nLoss from operations \n\n(178,168) \n\n(110,547) \n\n(695,180) \n\n(282,340) \n\n\nOther income, net \n\n17,805 \n\n4,686 \n\n36,288 \n\n18,757 \n\n\nLoss before (benefit) provision for income taxes \n\n(160,363) \n\n(105,861) \n\n(658,892) \n\n(263,583) \n\n\n(Benefit) provision for income taxes \n\n(59) \n\n(3,287) \n\n687 \n\n(171) \n\n\nNet loss \n\n$      (160,304) \n\n$      (102,574) \n\n$      (659,579) \n\n$      (263,412) \n\n\nNet loss per share — basic and diluted \n\n$            (1.70) \n\n$            (1.50) \n\n$            (7.50) \n\n$            (3.86) \n\n\nWeighted average common shares outstanding— basic and diluted \n\n94,372,159 \n\n68,320,125 \n\n87,936,923 \n\n68,258,757 \n\n\n\n\n\n\n\n\nBIOHAVEN LTD. \n\n\n\n\n\nCONSOLIDATED BALANCE SHEETS \n\n\n\n\n\n(Amounts in thousands, except share amounts) \n\n\n\n\n\n\n\n\n\n\n\nSeptember 30, 2024 \n\nDecember 31, 2023 \n\n\n\n\n(Unaudited) \n\n\n\n\nAssets \n\n\n\n\n\n\nCurrent assets: \n\n\n\n\n\n\nCash and cash equivalents \n\n$                  84,390 \n\n$                248,402 \n\n\nMarketable securities \n\n294,426 \n\n133,417 \n\n\nPrepaid expenses \n\n55,168 \n\n35,242 \n\n\nIncome tax receivable \n\n5,318 \n\n13,252 \n\n\nOther current assets \n\n1,198 \n\n12,133 \n\n\nTotal current assets \n\n440,500 \n\n442,446 \n\n\nProperty and equipment, net \n\n18,276 \n\n17,191 \n\n\nIntangible assets \n\n18,400 \n\n18,400 \n\n\nGoodwill \n\n1,390 \n\n1,390 \n\n\nOther non-current assets \n\n31,957 \n\n33,785 \n\n\nTotal assets \n\n$                510,523 \n\n$                513,212 \n\n\nLiabilities and Shareholders' Equity \n\n\n\n\n\n\nCurrent liabilities: \n\n\n\n\n\n\nAccounts payable \n\n$                  19,744 \n\n$                  15,577 \n\n\nAccrued expenses and other current liabilities \n\n63,520 \n\n39,846 \n\n\nForward contract liability \n\n69,030 \n\n— \n\n\nTotal current liabilities \n\n152,294 \n\n55,423 \n\n\nNon-current operating lease liabilities \n\n25,312 \n\n27,569 \n\n\nDerivative liability, non-current \n\n12,320 \n\n— \n\n\nOther non-current liabilities \n\n4,591 \n\n2,245 \n\n\nTotal liabilities \n\n194,517 \n\n85,237 \n\n\nShareholders' Equity: \n\n\n\n\n\n\nPreferred shares, no par value; 10,000,000 shares authorized, no shares issuedand outstanding as of September 30, 2024 and December 31, 2023 \n\n— \n\n— \n\n\nCommon shares, no par value; 200,000,000 shares authorized as of September30, 2024 and December 31, 2023; 94,899,193 and 81,115,723 shares issuedand outstanding as of September 30, 2024 and December 31, 2023,respectively \n\n1,381,699 \n\n887,528 \n\n\nAdditional paid-in capital \n\n93,038 \n\n39,804 \n\n\nAccumulated deficit \n\n(1,158,871) \n\n(499,292) \n\n\nAccumulated other comprehensive income (loss) \n\n140 \n\n(65) \n\n\nTotal shareholders' equity \n\n316,006 \n\n427,975 \n\n\nTotal liabilities and shareholders' equity \n\n$                510,523 \n\n$                513,212 \n\n\n\n\n\n\n\n\nBIOHAVEN LTD. \n\n\n\n\n\nRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES \n\n\n\n\n\n(Amounts in thousands, except share and per share amounts) \n\n\n\n\n\n(Unaudited) \n\n\n\n\n\n\n\n\n\n\n\nThree Months EndedSeptember 30, \n\nNine Months Ended September30, \n\n\n\n\n2024 \n\n2023 \n\n2024 \n\n2023 \n\n\nReconciliation of GAAP to Non-GAAP adjusted net loss: \n\n\n\n\n\n\n\n\n\n\nGAAP net loss \n\n$   (160,304) \n\n$   (102,574) \n\n$   (659,579) \n\n$   (263,412) \n\n\nAdd: non-cash share-based compensation expense \n\n12,160 \n\n4,456 \n\n59,269 \n\n12,916 \n\n\nAdd: (gain) loss from change in fair value of derivatives \n\n(15,990) \n\n— \n\n(17,030) \n\n— \n\n\nNon-GAAP adjusted net loss \n\n$   (164,134) \n\n$      (98,118) \n\n$   (617,340) \n\n$   (250,496) \n\n\n\n\n\n\n\n\n\n\n\n\n\nReconciliation of GAAP to Non-GAAP adjusted net loss per share — basic and diluted: \n\n\n\n\n\n\nGAAP net loss per share — basic and diluted \n\n$          (1.70) \n\n$          (1.50) \n\n$          (7.50) \n\n$          (3.86) \n\n\nAdd: non-cash share-based compensation expense \n\n0.13 \n\n0.07 \n\n0.67 \n\n0.20 \n\n\nAdd: (gain) loss from change in fair value of derivatives \n\n(0.17) \n\n— \n\n(0.19) \n\n— \n\n\nNon-GAAP adjusted net loss per share — basic and diluted \n\n$          (1.74) \n\n$          (1.44) \n\n$          (7.02) \n\n$          (3.67) \n\n\n\n\nMoDEs is a trademark of Biohaven Therapeutics Ltd.Libtayo is a registered trademark of Regeneron Pharmaceuticals, Inc.\nInvestor Contact:\nJennifer PorcelliVice President, Investor Relationsjennifer.porcelli@biohavenpharma.com+1 (201) 248-0741\nMedia Contact:\nMike BeyerSam Brown Inc.mikebeyer@sambrown.com+1 (312) 961-2502\n View original content to download multimedia:https://www.prnewswire.com/news-releases/biohaven-reports-third-quarter-2024-financial-results-and-recent-business-developments-302303249.html\nSOURCE Biohaven Ltd.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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