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Biohaven Secures $100M Milestone Funding After Enrolling First Patient In Migraine Study With Oral Zavegepant

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  • Biohaven Pharmaceutical Holding Co Ltd (NYSE: BHVN) has enrolled the first patient in a Phase 2/3 trial evaluating oral zavegepant for migraine's preventive treatment, triggering a milestone funding payment of $100 million.
  • In August last year, Biohaven entered into a funding agreement with Royalty Pharma to secure up to $250 million to advance the development of zavegepant in migraine and other CGRP-mediated diseases. 
  • The randomized, double-blind, placebo-controlled trial will enroll approximately 2,900 people with migraines and evaluate the efficacy and safety of 100 mg and 200 mg doses of oral zavegepant.
  • The Zavegepant program encompasses intranasal and oral formulations for migraine and non-migraine indications.
  • Intranasal zavegepant previously demonstrated superior efficacy to placebo in a Phase 2/3 study for migraine's acute treatment.
  • The drug is also being studied in an ongoing trial in COVID-19 infected hospitalized patients requiring supplemental oxygen.
  • Price Action: BHVN shares are trading 4.58% lower at $63.5 on the last check Monday.
 

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Posted-In: MigrainesBiotech News Health Care Financing FDA General

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