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Ygal Nochomovitz

Director and SMid Cap Biotech Analyst at Citi

Ygal Nochomovitz is a Director and SMid Cap Biotech Analyst at Citi, specializing in in-depth equity research across the biotechnology sector with a focus on companies in ophthalmology, oncology, rare diseases, nephrology, and infectious disease spaces. He covers a large portfolio of biotech stocks including names such as APLS, LXRX, and MRTX, and has achieved an average returns rate of 3.1% per transaction with a 38% success rate, highlighted by a top-performing call on RETA stock with a 675.5% return. Nochomovitz joined Citi in 2015 after senior analyst and vice president roles at Oppenheimer, Morgan Stanley, Rodman & Renshaw, and SIG Susquehanna, and he began his Wall Street career in 2008 after postdoctoral work at Rockefeller University. He holds a PhD in Biophysics from the University of California, San Francisco, a BS in Biochemistry from Brown University, and maintains professional credentials including required FINRA registrations for equity research analysts.

Ygal Nochomovitz's questions to NEUROCRINE BIOSCIENCES (NBIX) leadership

Question · Q3 2025

Ygal Nochomovitz asked about Neurocrine Biosciences' capital management, specifically the continuation and pace of the buyback program related to the new $500 million allocation, considering the increased SG&A for sales force expansion.

Answer

Matt Abernethy, Chief Financial Officer, highlighted the company's $2.1 billion cash balance and profitability. He stated that capital allocation prioritizes top-line growth and R&D investment (targeting 35%), with a bias towards business development and internal initiatives, while maintaining flexibility for share buybacks.

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