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

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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BioCryst Pharmaceuticals, Inc. announced today that it has withdrawn its proposed public offering.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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（25）

PhilipGoh
·2021-08-12
?????
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1
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Ahdesfrmsg
·2021-08-12
Ok
Reply
1
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JaiVenky
·2021-08-12
Great!
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2
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Tenten
·2021-08-11
Go go go!
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3
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HENRYCSC
·2021-08-11
Good
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3
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Wolverine
·2021-08-11
Yes
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4
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KCmax
·2021-08-11
Good
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4
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ChrisTT
·2021-08-11
Comment for likes
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7
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- Jamie13:
  Ok
  2021-08-11
  Reply
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Kendaman
·2021-08-11
Huats
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4
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jackytanks
·2021-08-11
???
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4
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- Kendaman:
  nic3
  2021-08-11
  Reply
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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 !
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Racheling89
·2021-08-11
Nice~ please help to like~ thanks!
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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??
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- xnubx:
  sus!
  2021-08-11
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lewisleeks
·2021-08-11
Nice[Miser]
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5
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Rolliopan
·2021-08-11
Like and comment
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- JeremyKok:
  hi. please like and comment back. thank you.
  2021-08-12
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- Soontonghuat:
  Ok
  2021-08-11
  Reply
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TheRealGSY
·2021-08-11
Wow
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2
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PhilipGoh
·2021-08-11
Good
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for likes","listText":"Comment for likes","text":"Comment for 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postulated&nbsp;Poison pill theory in another forum !","listText":"Someone postulated&nbsp;Poison pill theory in another forum !","text":"Someone postulated Poison pill theory in another forum !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892526680","repostId":1172810796,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892567107,"gmtCreate":1628673796609,"gmtModify":1676529817222,"author":{"id":"3567674825770783","authorId":"3567674825770783","name":"Racheling89","avatar":"https://static.tigerbbs.com/840f90f6593eaeda4fa762b7d02d006d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3567674825770783","authorIdStr":"3567674825770783"},"htmlText":"Nice~ please help to like~ thanks!","listText":"Nice~ please help to like~ thanks!","text":"Nice~ please help to like~ 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