Biohaven Plummets, A Boon For Rival Xenon, On A Surprise Seizure Setback
Biohaven paused enrollment in a midstage study of its seizure treatment due to safety concerns, causing its stock to fall sharply on Thursday. The setback affects Biohaven's development program for the treatment.
Why it matters — A setback for a rival company's seizure treatment could be viewed favorably for XENE, as both companies compete in the epilepsy and seizure-treatment space.