Ken Cacciatore's questions to Biohaven (BHVN) leadership • Q4 2021
Question
Ken Cacciatore of Cowen & Company asked for commentary on the Street's 2022 NURTEC revenue estimates of around $850 million, inquired if the Q4 expense run rate is a good proxy for the upcoming year, and questioned the strategic balance between pipeline investment and a potential company sale or split.
Answer
CFO Matthew Buten stated that Biohaven does not provide guidance and expects modest expense increases due to new asset acquisitions. CEO Vlad Coric added that the current spending is appropriate for NURTEC's potential as a multi-billion dollar drug and that the new, derisked pipeline assets strengthen the company for either organic growth or potential M&A activity, confirming all options remain open.