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BHVN

Biohaven Therapeutics Ltd.distress 6/10 · elevated risk
$14.49-2%today-20% from 52w high
biohaven.com274 employeesFounded 2022New Haven, CTBiotechnology
Psychiatry / CNS 4Neurology 2Oncology 1
Lead: Focal Epilepsy · target Kv7
Revenue
pre-revenue
Liquidity
$348M
Runway
0.6 yrs
Shares 1y
+42%

Price & events

+5.3% over 6M
$8.09$12.44$16.79Jan 26Apr 26Jul 269.5Mdilution: 424B5 offering (2026-05-04)dilution: S-3ASR shelf_registration (2026-05-04)catalyst: PHASE2 BHV-7000 (2026-03-18) — click to opencatalyst: PHASE2,PHASE3 BHV-7000 (2026-03-12) — click to opencatalyst: PHASE3 Troriluzole (BHV-4157) (2026-02-13) — click to openrating: B of A Securities: Neutral → Underperform (2026-06-29)rating: HC Wainwright & Co.: Neutral (2026-05-26)rating: Morgan Stanley: Overweight (2026-05-13)rating: RBC Capital: Outperform (2026-05-05)rating: Citigroup: Buy (2026-04-02)rating: TD Cowen: Buy (2026-03-11)rating: HC Wainwright & Co.: Neutral (2026-03-04)rating: RBC Capital: Outperform (2026-03-03)
CatalystRating changeDilutionFinancingdashed = today
-1.7%
1D
+2.3%
1W
-1.9%
1M
+37.8%
3M
+7.3%
6M
+5.5%
1Y
-61.7%
2Y
5Y
+103.1%
All

Overview

Market Cap
$2.18B
Volume
100.44K
52 Week Range
$7.79 – $18.11
Total Shares
150.56M
Float Shares
123.75M
Short %
17.41%
% Held by Insiders
11.08%
% Held by Institutions
91.58%
RVOL
0.03x
Beta
3.14

Pipeline stages · 4 programs

Taldefgrobep Alfa
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-09
BHV-1530
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-10
Troriluzole (BHV-4157)Glutamate
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
BHV-1100 plus cytokine induced memory-like (CIML) NK cells plus IVIG and low dose IL-2
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved

Pipeline · 19 trials · 9 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-09
Estimated 50%
readout ~2026-10-16
Phase 2Taldefgrobep AlfaObesity, Overweightactive not recruiting
2026-10
Estimated 50%
readout ~2026-12-15
Phase 2/3BHV-7000Focal Epilepsyactive not recruiting
2026-12
Estimated 50%
readout ~2027-02-14
Phase 2/3BHV-7000Focal Epilepsyrecruiting
2026-12
Estimated 50%
readout ~2027-01-15
Phase 2BHV-7000Focal Epilepsyenrolling by invitation
2027-08
Estimated 50%
readout ~2027-10-15
Phase 2/3BHV-8000Parkinson Diseaserecruiting
Show all 19 trials · 14 more ▾
ReadoutPhaseDrugIndicationEnrollStatus
2028-01
Estimated 50%
readout ~2028-03-16
Phase 3BHV-1300Graves Diseaserecruiting
2028-02
Estimated 50%
readout ~2028-03-17
Phase 1/2BHV-1510, CemiplimabSolid Tumorrecruiting
2028-09
Estimated 50%
readout ~2028-11-15
Phase 3BHV-1400IgA Nephropathynot yet recruiting
2029-03
Estimated 50%
readout ~2029-03-31
Phase 1BHV-1530Solid Tumorrecruiting
2026-03-18
Phase 2BHV-7000Major Depressive Disorder233completed
2026-03-12
Phase 2/3BHV-7000Generalized Epilepsy27terminated
2026-02-13
Phase 3Troriluzole (BHV-4157)fast trackorphanObsessive Compulsive Disorder772terminated
2025-11-07
Phase 2BHV-7000Major Depressive Disorder336completed
2025-10-27
Phase 3Troriluzolefast trackorphanObsessive-Compulsive Disorder456completed
2025-04-29
Phase 3Troriluzolefast trackorphanObsessive-Compulsive Disorder589completed
2025-04-25
Phase 2BHV-7000Bipolar Disorder94terminated
2025-03-24
Phase 2BHV-2100Migraine647completed
2025-01-15
Phase 2/3BHV-7000Bipolar Disorder274completed
2025-01-10
Phase 1BHV-1100 plus cytokine induced memory-like (CIML) NK cells plus IVIG and low dose IL-2Multiple Myeloma7completed

Catalyst news & presentations · 4

Approved drugs (0)

  • none — clinical-stage

Capital structure — dilution & financing

Shares out: 150,560,990 · 4 offerings/1y · 0 PIPEs
  • 2026-05-04S-3ASRshelf_registration
  • 2026-05-04424B5offering
  • 2025-11-13424B5offering
  • 2025-11-12424B5offering
  • 2025-08-15424B7offering
  • 2025-04-288-Kmaterial_agreement
  • 2024-11-14SC 13G/Astrategic_stake
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
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🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
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Wall St ratings

buy · target $23 (+57% upside) · 16 analysts
  • 2026-06-29B of A SecuritiesNeutral → Underperform
  • 2026-05-26HC Wainwright & Co.Neutral
  • 2026-05-13Morgan StanleyOverweight
  • 2026-05-05RBC CapitalOutperform
  • 2026-04-02CitigroupBuy
  • 2026-03-11TD CowenBuy

Competitors — Kv7

  • XENEXenon Pharmaceuticals Inc.$6.3B · D3

Not financial advice. Data: ClinicalTrials.gov, SEC EDGAR, FINRA, Nasdaq, Yahoo.