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Biohaven Ltd. stock: filings, catalysts and timeline

BHVN · Biotech · NYSE · As of 5 Nov 2026

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49AIR SCORE
  • FundamentalsWhat is this?Fewer than eight quarters on file

    How the business is doing on its own reported US-GAAP numbers — growth, margins, cash generation, balance-sheet strength, capital efficiency and dilution — compared with sector peers.

    Source: SEC XBRL financial statements.

  • ValueWhat is this?Watch

    How the shares are priced against sector peers, against the company's own recent history, and against a simple cash-flow estimate, using the filing numbers and the current price. AIR shows this as a band, never as a target price.

    Source: SEC XBRL financial statements and end-of-day prices.

  • News flowWhat is this?Balanced

    What the company has documented recently: material 8-K events (contracts, deals, results, leadership changes) and FDA approvals, weighted by recency and type. A language model's reading of each 8-K helps classify whether it is positive or negative. Filings, not press or social media.

    Source: SEC EDGAR 8-K filings and FDA approvals.

  • MomentumWhat is this?Balanced

    The longer-term market read: the trend in end-of-day prices, strength against the market and the sector, and trading volume over roughly the past three to twelve months. It is shown, never used to rank the Shortlist.

    Source: End-of-day prices.

  • SafetyWhat is this?Balanced

    The risk side: leverage, liquidity, cash runway, dilution, revenue and margin swings, company size and pre-commercial status, negative 8-K events (including legal and regulatory ones), and share-price drawdown and volatility. Higher means fewer of those risk markers.

    Source: SEC XBRL financial statements, SEC EDGAR 8-K filings and end-of-day prices.

How AIR scores →

Fundamental score not available. AIR's fundamental engine is built for businesses with established revenue and cash flow; biotech financial profiles — often R&D-heavy or pre-revenue — don't yet fit the measures it requires. AIR still assesses this company on News flow, Momentum and Safety, and the missing score lowers its Evidence strength.

Discovery Gap: High (32/100) · Gap confidence 58/100

High32
DISCOVERY GAP

Filings show more traction than the tape reflects.

Low is the most common level — the cut-offs are fixed, and levels can shift as scores refresh.

What is this?

How far documented progress (News flow) runs ahead of market attention. Attention is measured from institutional holdings reported to the SEC, trading volume, price behaviour and how richly the shares are valued — not from social media or analyst ratings.

Source: SEC EDGAR filings (8-K and 13F), FDA approvals and end-of-day prices.

How levels work. The levels use fixed cut-offs, but market attention is ranked against the other ~1,800 companies AIR covers that day (valuation against the same sector). Documented progress counts filings from the past 18 months, newer ones weighing more; attention uses the latest quarter of institutional holdings, the last three to six months of trading, and six to twelve months of price behaviour. Many companies show a Low Gap or none at all — a gap needs filings that read more positively than neutral. A level can change from one day to the next as scores refresh and the other companies move.

  • Gap confidenceWhat is this?Moderate 58/100How fully AIR could measure this Gap.

    How fully AIR could measure both sides of the Discovery Gap: the documented progress (News flow) and market attention (Recognition). It takes the weaker of the two, and reads zero when either side has no measurement. It describes the data, not the company.

  • Evidence strengthWhat is this?Moderate 54/100Support behind the full AIR read, not only the Gap.

    How much data stands behind the whole AIR read — all five perspectives, not just the Discovery Gap. Each perspective reports how complete its inputs are, and these are combined in the same proportions as the AIR Score; a perspective AIR could not score adds nothing, so missing data lowers this figure. It describes the data, not the company.

This month at a glance

AIR Score™ change: 0AIR Score™ held steady this month.
Window31 Oct 2026 → 5 Nov 2026
MoversNothing moved meaningfully this month.

Evidence timeline

  1. Expected
  2. Tue 2 Mar · expected 10-K

    Last year filed 2 Mar 2026.

  3. Tue 4 May · expected 10-Q

    Last year filed 4 May 2026.

  4. Filed
  5. Thu 29 Oct · 8-K

    8-K · Item 2.02 — Results of operations

    Biohaven announced FDA acceptance of Vyglxia resubmission for SCA (1Q27 goal date), $400M licensing deal with SK Biopharmaceuticals for opakalim, $100M deal with Ono for MoDE degrader portfolio, and ongoing Phase 3 trials for BHV-1300 and BHV-1400.

    Recognition: Strong 70 → Strong 73Value: Watch 28 → Watch 32

    More of the market is starting to notice.

    The shares became cheaper on AIR's value read.

    The price trend strengthened.

  6. Thu 29 Oct · 10-Q

    Quarterly report (10-Q), period ending 30 Sep 2026

    Recognition: Strong 70 → Strong 73Value: Watch 28 → Watch 32

    More of the market is starting to notice.

    The shares became cheaper on AIR's value read.

    The price trend strengthened.

  7. Thu 22 Oct · 8-K

    8-K filed 2026-10-22

    Recognition: Balanced 62 → Strong 70Value: Weak 24 → Watch 28Gap High · 40 → High · 31

    The shares became cheaper on AIR's value read.

    The gap narrowed — attention is catching up.

    The price trend strengthened.

  8. Thu 15 Oct · 8-K

    8-K · Item 1.01 — Material agreement

    Biohaven entered exclusive licensing agreement with Ono Pharmaceutical for MoDE IgG degrader portfolio in Japan, South Korea, Taiwan, and ASEAN. Biohaven receives $80M upfront, $20M milestone payment, and ~20% royalties on net sales. Retains rights in US, Europe, China.

    Gap High · 25 → Very high · 45

    Progress is running ahead of attention.

    The price trend weakened.

  9. Thu 10 Sep · 8-K

    8-K · Item 8.01 — Other events

  10. Wed 26 Aug · 8-K

    8-K · Item 1.01 — Material agreement

  11. Mon 10 Aug · 10-Q

    Quarterly report (10-Q), period ending 6 Aug 2026

  12. Mon 10 Aug · 8-K

    8-K · Item 2.02 — Results of operations

  13. Fri 7 Aug · 8-K

    8-K · Item 5.02 — Director or officer change

  14. Thu 9 Jul · 8-K

    8-K · Item 5.02 — Director or officer change

  15. Wed 27 May · 8-K

    8-K filed 2026-05-27

  16. Tue 5 May · 8-K

    8-K · Item 8.01 — Other events

  17. Mon 4 May · 8-K

    8-K filed 2026-05-04

  18. Mon 4 May · 8-K

    8-K · Item 2.02 — Results of operations

  19. Mon 4 May · 10-Q

    Quarterly report (10-Q), period ending 30 Apr 2026

  20. Mon 2 Mar · 8-K

    8-K · Item 2.02 — Results of operations

  21. Mon 2 Mar · 10-K

    Annual report (10-K), FY2026

  22. Mon 12 Jan · 8-K

    8-K filed 2026-01-12

  23. Wed 7 Jan · 8-K

    8-K · Item 8.01 — Other events

  24. Thu 13 Nov · 8-K

    8-K · Item 8.01 — Other events

  25. Mon 10 Nov · 8-K

    8-K · Item 2.02 — Results of operations

  26. Mon 10 Nov · 10-Q

    Quarterly report (10-Q), period ending 6 Nov 2025

Solid dots: a filing AIR classified as material. Grey: routine. Hollow: expected, from last year's dates — not a forecast.

Ask AIR

What would change our view

A weaker balance sheet in the next filing cycle, a material regulatory setback, or attention arriving — which closes the gap by design would move the score, and the page would show which one did.

Research, not tips. No buy/sell recommendations, no price forecasts. Every score is derived from public filings and market data — figures round to whole numbers and refresh each trading day.