BioCryst Pharmaceuticals Completes Acquisition of Astria Therapeutics

January 26, 2026

BioCryst Pharmaceuticals completed its previously announced acquisition of Astria Therapeutics for an implied transaction value of approximately $700 million, net of Astria cash at closing. The deal adds navenibart, a late-stage long-acting plasma kallikrein inhibitor in Phase 3, to BioCryst’s hereditary angioedema (HAE) portfolio and provides BioCryst with Astria’s early-stage atopic dermatitis program STAR0310 for further strategic alternatives.

Buyers
BioCryst Pharmaceuticals, Inc., Blackstone (funds managed by)
Targets
Astria Therapeutics, Inc.
Industry
Biotechnology
Location
North Carolina, United States
Transaction Type
Buyout

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