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BioCryst shares jumped 10.49% in premarket trading,as withdrawing previous stock offering.

Tiger Newspress2021-08-11

BioCryst shares jumped 10.49% in premarket trading,as withdrawing previous stock offering.

BioCryst Pharmaceuticals, Inc.  announced today that it has withdrawn its proposed public offering. With our strong balance sheet, and increasing revenues from ORLADEYO® (berotralstat), we believe that current market conditions are not conducive to an offering on terms that would be in the best interests of our current stockholders.   We are well capitalized, with cash, cash equivalents, restricted cash and investments of $222.8 million as of June 30, 2021.   Based on our expectations for revenue, operating expenses, and our option to access an additional $75 million from our existing credit facility, we believe our current cash runway takes us into 2023.

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Comment25

  • PhilipGoh
    ·2021-08-12
    ?????
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  • Ahdesfrmsg
    ·2021-08-12
    Ok
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  • JaiVenky
    ·2021-08-12
    Great!
    Reply
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  • Tenten
    ·2021-08-11
    Go go go!
    Reply
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  • Wolverine
    ·2021-08-11
    Yes
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  • KCmax
    ·2021-08-11
    Good
    Reply
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  • ChrisTT
    ·2021-08-11
    Comment for likes
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    • Jamie13
      Ok
      2021-08-11
      Reply
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  • Kendaman
    ·2021-08-11
    Huats
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  • HKFoong
    ·2021-08-11
    Yas
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  • Kengyong888
    ·2021-08-11
    Someone postulated Poison pill theory in another forum !
    Reply
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  • Racheling89
    ·2021-08-11
    Nice~ please help to like~ thanks!
    Reply
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    • JeremyKok
      hi. please like and comment back. thank you.
      2021-08-12
      Reply
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    • MomoTrades
      [Strong]
      2021-08-11
      Reply
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  • Kengyong888
    ·2021-08-11
    Short covering today !!
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  • Kengyong888
    ·2021-08-11
    Let’s see whether they issue PR today to shedmore light !!
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    • RS142
      ?
      2021-08-11
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    • HKFoong
      Woo
      2021-08-11
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  • Linda1127
    ·2021-08-11
    Why plan to offer... then now withdraw... something not right? Why share price jump??
    Reply
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    • xnubx
      sus!
      2021-08-11
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  • lewisleeks
    ·2021-08-11
    Nice[Miser] 
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  • Rolliopan
    ·2021-08-11
    Like and comment 
    Reply
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    • JeremyKok
      hi. please like and comment back. thank you.
      2021-08-12
      Reply
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    • Soontonghuat
      Ok
      2021-08-11
      Reply
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  • TheRealGSY
    ·2021-08-11
    Wow
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  • PhilipGoh
    ·2021-08-11
    Good 
    Reply
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