MedWatch

Pfizer's new acquisition generates billions of dollars from migraine drug

The biotech firm’s migraine drug soared in the latest quarter – even though Pfizer’s acquisition deal has not been finalized.

Photo: Mark Lennihan/AP/Ritzau Scanpix

Biohaven, which was acquired by Pfizer for USD 11.6bn in May though the deal won’t be finalized until early 2023, has just released its financial figures for the second quarter reporting soaring sales of migraine drug Nurtec, booking a 57% growth compared to last quarter, industry media Endpoints News reports.

Bringing in a revenue of USD 194m in Q2, Biohaven says progress is mostly due to more prescriptions for oral Nurtec ODT and ”favorable pack mix per prescription.” Nurtec ODT was approved by the US Food and Drug Administration (FDA) in February, 2020, as a treatment of acute migraines and was later authorized as a preventive treatment, in May 2021.

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