BioCryst Withdraws Public Offering

On August 10, 2021 BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) reported that it has withdrawn its proposed public offering (Press release, BioCryst Pharmaceuticals, AUG 10, 2021, View Source [SID1234586244]). 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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