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BCRX - Bull Thesis (DUPLICATE _ DO NOT PUBLISH)

BCRX is a commercial stage company that focuses on difficult to develop oral therapies for rare disease with a productive drug development team. From a bullish perspective, they own the first approved oral HAE therapy, ORLADEYO, which will hit over $250M in sales this year, in only its 2nd full year since approval. The company projects that it will hit $1B in peak ORLADEYO sales, which make the current ~$2.5B enterprise value appear low.


For the bull case, what makes BCRX's valuation appear particular low is that in addition to its approved potentially blockbuster drug, the company has 2 compounds in the clinic currently, and has pre-clinical candidates too. BCX9930, an oral Factor D inhibitor has shown promising efficacy in early clinical trials. And although kidney safety issues arose, which led to an FDA clinical hold, from a bull's perspective, those appear to be easily avoided by using a lower, but effective dose (400 mg), and assuring that the drug is taken with water.


Finally, from a bullish perspective, the company has a productive drug development team that adds significant value. There is another internally developed drug candidate, BCX9250, an ALK-2 inhibitor for treating the rare disease FOP, that will enter phase 2 likely in 2023 for another rare disease. Furthermore, the company appears poised to introduce at least 1 more home-grown candidate into the clinic by the end of 2023. Thus, for BCRX bulls, there is a case to be made.


So what is Amp’s view on BCRX? Become an Amp subscriber today (free trial) and find out now! CLICK HERE. to sto take advantage of our current sale before it ends. Amp subscriber, you can read our entire Bull and Bear thesis, as well as the Amp buy/sell strategies on our different Amp accounts too.


Not ready for an Amp subscription? You can view our full Bull and Bear thesis on SCPH by becoming a BPIQ Pro member. CLICK HERE

 

MV 9/30/22


See the bull/bear analysis in our BPIQ Pro Forum post here and the full bull/bear analysis w/ Amp view in our Amp Premium Forum post here. To become a subscriber Learn more here.


This is not legal or investment advice. Biotech stock trading is risky. Please do your diligence before making investment decision in biotech.

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