BioCryst Turns Profitable in 2025 as Rare-Disease Assets Draw Suitors
BioCryst reported its first full year of profitability in 2025, and Q2 2026 revenue rose 34% to $218 million. With market cap around $2.5 billion, the shares have drawn acquisition speculation, with Takeda and AstraZeneca cited as top potential buyers given concerns around competing rare-disease assets. Orladeyo generated $158.2 million in Q2 2026 revenue, and BioCryst recently closed the Astria Therapeutics deal to add navenibart.