Please ensure Javascript is enabled for purposes of website accessibility

BioCryst Appoints New CFO

By Eric Volkman – Apr 2, 2020 at 9:32PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The company, which is developing a drug that could treat the coronavirus, has named a corporate veteran to head its finance team.

BioCryst Pharmaceuticals (BCRX -2.68%) is making a big change within its C-suite. The company announced Thursday that it has appointed a new CFO, Anthony Doyle. It was not immediately clear when his tenure would begin.

Doyle comes to BioCryst from privately held research company Worldwide Clinical Trials Holdings, where he also filled the post of CFO starting in 2014. Prior to that, he was employed in a variety of financial positions at General Electric, and was CFO of World Book, owned by Warren Buffett's investment vehicle Berkshire Hathaway.

Pills spilling out onto U.S. currency.

Image source: Getty Images.

For his labors at BioCryst, Doyle is to be paid $480,000 per year. He will also be eligible for bonuses under the company's annual incentive plan and will receive a $50,000 signing bonus. The latter is to be paid on or before the six-month anniversary of his starting date. Finally, he will also be eligible for stock options.

Although BioCryst has one drug on the market, flu treatment Rapivab, the company is essentially still a clinical-stage biotech.

That said, it recently filed for regulatory approval to market its drug berotralstat, which treats hereditary angioedema (deep swelling of the tissue under the skin). However, the company effort that has attracted the most interest is galidesivir, an early clinical-stage drug that might be effective in treating the SARS-CoV-2 coronavirus that's spreading around the world.

As with many biotechs, BioCryst's share price has swung around violently at times, and investor caution and care is warranted. On Thursday, it rose by 5%, exceeding the gains of the broader market.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares) and recommends the following options: long January 2021 $200 calls on Berkshire Hathaway (B shares), short January 2021 $200 puts on Berkshire Hathaway (B shares), and short June 2020 $205 calls on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

BioCryst Pharmaceuticals, Inc. Stock Quote
BioCryst Pharmaceuticals, Inc.
BCRX
$12.36 (-2.68%) $0.34
Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
BRK.A
$404,485.25 (-0.22%) $-889.76
Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
BRK.B
$267.77 (-0.28%) $0.74
General Electric Company Stock Quote
General Electric Company
GE
$64.55 (-1.24%) $0.81

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
329%
 
S&P 500 Returns
106%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/25/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.