Biohaven
BHVNBHVN · Stock Price
Historical price data
Overview
Biohaven is a clinical-stage biopharmaceutical company with a mission to discover, develop, and commercialize life-changing therapies for severe diseases. Its most significant achievement was the discovery, approval, and subsequent $11.6 billion divestiture of its CGRP migraine franchise (Nurtec® ODT, Zavzpret®) to Pfizer in 2022, which provided substantial capital to fund its next-generation pipeline. The company's strategy is to leverage its proven drug development expertise and three proprietary technology platforms—glutamate modulation, myostatin inhibition, and Kv7 targeting—to build a diversified portfolio targeting large neurological and rare disease markets. Biohaven's 'patient-first' culture and non-hierarchical structure are designed to drive urgency and efficiency in clinical execution.
Technology Platform
Biohaven leverages three proprietary drug development platforms: a Glutamate Modulation platform for neurological/psychiatric disorders, a Myostatin Inhibition platform for muscle-wasting and metabolic diseases, and a Kv7 Ion Channel Targeting platform for neuronal hyperexcitability conditions like epilepsy.
Pipeline
37| Drug | Indication | Stage | Watch |
|---|---|---|---|
| Troriluzole + Placebo | Obsessive-Compulsive Disorder | Phase 3 | |
| taldefgrobep alfa + Placebo + taldefgrobep alfa | Spinal Muscular Atrophy | Phase 3 | |
| Troriluzole + Placebo | Generalized Anxiety Disorder | Phase 3 | |
| troriluzole + Placebo | Spinocerebellar Ataxias | Phase 3 | |
| Troriluzole + Placebo | Obsessive-Compulsive Disorder | Phase 3 |
Funding History
3Opportunities
Risk Factors
Competitive Landscape
Biohaven competes in crowded and competitive therapeutic areas. In obesity, it must demonstrate added value alongside dominant GLP-1 agonists. In epilepsy and OCD, it faces numerous approved and developmental therapies. Its differentiation lies in novel mechanisms (glutamate, myostatin, Kv7) targeting specific patient subpopulations with high unmet need.
Company Timeline
Founded in New Haven, United States
Series A: $80.0M
IPO — $173.0M
PIPE: $350.0M