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Biohaven Posts Positive Migraine Results, But Investors Are Wary

 
• By Mandy Jackson

Biohaven's stock price fell significantly after it reported positive Phase III results for rimegepant in the acute treatment of migraine, but concerns about differences between the company's Phase II and III data eased as potential benefits over Allergan's competing oral CGRP inhibitor emerged.

MR image of Human brain

Phase III results for Biohaven Pharmaceuticals Holding Co. Ltd.'s oral CGRP receptor antagonist rimegepant bode well for competing against Allergan PLC's rival ubrogepant, the company and analysts argue, because rimegepant met both co-primary endpoints in the acute treatment of migraine headaches based on a single dose, while Allergan's trial allowed for rescue medication or re-treatment.

Biohaven's share price fell as much as 33.4% on March when it appeared that rimegepant did not perform as well...

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