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[8-K] BioCryst Pharmaceuticals Inc Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) filed an 8-K announcing a key leadership change. Effective 7 July 2025, the Board appointed Babar Ghias (46) as Chief Financial Officer, Principal Accounting Officer and Head of Corporate Development. Mr. Ghias brings two decades of healthcare and life-sciences experience, including CFO roles at AvenCell Therapeutics and Marathon Pharmaceuticals and M&A advisory work at Credit Suisse.

Compensation package includes: (i) base salary of $560,000; (ii) annual incentive target equal to 70 % of salary (full-year eligible for 2025); (iii) a $160,000 one-time cash bonus payable within 30 days; and (iv) Inducement Grants on 31 July 2025 of 147,000 RSUs and 305,000 stock options, vesting in four equal annual tranches from the first anniversary of grant.

The filing states Mr. Ghias has no related-party transactions, no special arrangements leading to his appointment, and no family relationships with existing directors or officers. A press release (Ex. 99.1) concurrently discloses the hire.

Investor take-away: While the event does not change current financial guidance, BioCryst strengthens its executive bench with a CFO possessing commercialisation and deal-making expertise that could support future capital strategy and business development.

BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) ha presentato un modulo 8-K per annunciare un importante cambiamento nella leadership. A partire dal 7 luglio 2025, il Consiglio di Amministrazione ha nominato Babar Ghias (46 anni) come Chief Financial Officer, Principal Accounting Officer e Responsabile dello Sviluppo Aziendale. Il signor Ghias vanta due decenni di esperienza nel settore sanitario e delle scienze della vita, includendo ruoli di CFO presso AvenCell Therapeutics e Marathon Pharmaceuticals e attività di consulenza M&A presso Credit Suisse.

Il pacchetto retributivo comprende: (i) uno stipendio base di 560.000 $; (ii) un obiettivo di incentivo annuale pari al 70% dello stipendio (eleggibile per l'intero anno 2025); (iii) un bonus in contanti una tantum di 160.000 $ da corrispondere entro 30 giorni; e (iv) Inducement Grants il 31 luglio 2025 di 147.000 RSU e 305.000 stock option, con maturazione in quattro tranche annuali uguali a partire dal primo anniversario della concessione.

Il documento specifica che il signor Ghias non ha transazioni con parti correlate, nessun accordo speciale che abbia portato alla sua nomina e nessun rapporto familiare con direttori o dirigenti attuali. Un comunicato stampa (Ex. 99.1) annuncia contestualmente l'assunzione.

Considerazioni per gli investitori: Sebbene l'evento non modifichi le attuali previsioni finanziarie, BioCryst rafforza il proprio team esecutivo con un CFO dotato di esperienza nella commercializzazione e nelle operazioni di fusione e acquisizione che potrebbe supportare la futura strategia di capitale e lo sviluppo aziendale.

BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) presentó un formulario 8-K anunciando un cambio clave en el liderazgo. A partir del 7 de julio de 2025, la Junta nombró a Babar Ghias (46 años) como Director Financiero, Principal Oficial de Contabilidad y Jefe de Desarrollo Corporativo. El Sr. Ghias aporta dos décadas de experiencia en salud y ciencias de la vida, incluyendo cargos de CFO en AvenCell Therapeutics y Marathon Pharmaceuticals, además de asesoría en fusiones y adquisiciones en Credit Suisse.

El paquete de compensación incluye: (i) salario base de $560,000; (ii) objetivo de incentivo anual equivalente al 70% del salario (elegible por todo el año 2025); (iii) un bono único en efectivo de $160,000 pagadero dentro de 30 días; y (iv) Inducement Grants el 31 de julio de 2025 de 147,000 RSUs y 305,000 opciones sobre acciones, que se otorgarán en cuatro tramos anuales iguales a partir del primer aniversario de la concesión.

El documento indica que el Sr. Ghias no tiene transacciones con partes relacionadas, no existen acuerdos especiales que hayan llevado a su nombramiento ni relaciones familiares con directores o ejecutivos actuales. Un comunicado de prensa (Ex. 99.1) anuncia simultáneamente la contratación.

Conclusión para inversores: Aunque el evento no modifica la guía financiera actual, BioCryst fortalece su equipo ejecutivo con un CFO que posee experiencia en comercialización y negociación que podría apoyar la futura estrategia de capital y desarrollo empresarial.

BioCryst Pharmaceuticals, Inc. (나스ë‹�: BCRX)ê°€ 주요 리ë”ì‹� ë³€ë™ì„ 알리ëŠ� 8-K 서류ë¥� 제출했습니다. 2025ë…� 7ì›� 7ì¼ë¶€í„� ì´ì‚¬íšŒëŠ” 바바ë¥� 기아ìŠ�(46ì„�)ë¥� 최고재무책임ìž�(CFO), 주요 회계 ì±…ìž„ìž� ë°� 기업 개발 ì±…ìž„ìžë¡œ 임명했습니다. 기아ìŠ� 씨는 AvenCell Therapeuticsì™¶Ä Marathon Pharmaceuticalsì—서 CFO ì—­í• ì� 수행했으ë©� Credit Suisseì—서 M&A ìžë¬¸ 경험ì� í¬í•¨í•� 20ë…„ê°„ 헬스케ì–� ë°� ìƒëª…과학 분야 경력ì� 보유하고 있습니다.

ë³´ìƒ íŒ¨í‚¤ì§€ëŠ� 다ìŒì� í¬í•¨í•©ë‹ˆë‹�: (i) 기본 ì—°ë´‰ 56ë§� 달러; (ii) ì—°ê°„ ì¸ì„¼í‹°ë¸Œ 목표ëŠ� ì—°ë´‰ì� 70% (2025ë…� ì „ì²´ 기간 ì ìš©); (iii) 30ì� ì´ë‚´ 지급ë˜ëŠ� ì¼íšŒì„� 현금 보너ìŠ� 16ë§� 달러; (iv) 2025ë…� 7ì›� 31ì¼ì— 부여ë˜ëŠ� 147,000 RSUì™¶Ä 305,000 스톡옵션, ë¶€ì—� 1주년부í„� 4ë…„ê°„ 매년 ë™ì¼ 비율ë¡� 베스팅ë©ë‹ˆë‹¤.

서류ì—는 기아ìŠ� 씨가 ê´€ë � 당사ìž� 거래가 없으ë©�, 임명ì� 위한 특별í•� í•©ì˜ë‚� 현재 ì´ì‚¬ ë˜ëŠ” ìž„ì›ê³� ê°€ì¡� 관계가 없다ê³� 명시ë˜ì–´ 있습니다. ë³´ë„ìžë£Œ(Ex. 99.1)ë� ë™ì‹œì—� 채용 사실ì� 공개했습니다.

투ìžìž� 시사ì �: ì´ë²ˆ 사건ì� 현재 재무 ê°€ì´ë˜ìФì—ëŠ� 변화를 주지 않지ë§�, BioCrystëŠ� ìƒì—…í™� ë°� 거래 경험ì� 갖춘 CFOë¥� ì˜ìž…í•� 향후 ìžë³¸ ì „ëžµê³� 사업 개발ì� ì§€ì›í•  ìˆ� 있는 ê²½ì˜ì§„ì„ ê°•í™”í–ˆìŠµë‹ˆë‹¤.

BioCryst Pharmaceuticals, Inc. (Nasdaq : BCRX) a déposé un formulaire 8-K annonçant un changement clé dans la direction. À compter du 7 juillet 2025, le conseil d'administration a nommé Babar Ghias (46 ans) au poste de directeur financier, principal responsable comptable et chef du développement corporatif. M. Ghias apporte deux décennies d'expérience dans le secteur de la santé et des sciences de la vie, incluant des postes de CFO chez AvenCell Therapeutics et Marathon Pharmaceuticals ainsi que des missions de conseil en fusions-acquisitions chez Credit Suisse.

Le package de rémunération comprend : (i) un salaire de base de 560 000 $ ; (ii) un objectif d'incitation annuel équivalent à 70 % du salaire (éligible pour l'année complète 2025) ; (iii) un bonus en espèces unique de 160 000 $ payable sous 30 jours ; et (iv) des Inducement Grants le 31 juillet 2025, comprenant 147 000 RSU et 305 000 options d'achat d'actions, acquises en quatre tranches annuelles égales à partir du premier anniversaire de l'attribution.

Le dépôt précise que M. Ghias n'a aucune transaction avec des parties liées, aucun arrangement spécial ayant conduit à sa nomination, et aucune relation familiale avec des administrateurs ou dirigeants actuels. Un communiqué de presse (Ex. 99.1) annonce simultanément son embauche.

À retenir pour les investisseurs : Bien que cet événement ne modifie pas les prévisions financières actuelles, BioCryst renforce son équipe de direction avec un CFO possédant une expertise en commercialisation et en négociation, pouvant soutenir la future stratégie de capital et le développement des affaires.

BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) hat eine 8-K-Meldung eingereicht, in der eine wichtige Führungsänderung bekanntgegeben wird. Mit Wirkung zum 7. Juli 2025 ernannte der Vorstand Babar Ghias (46) zum Chief Financial Officer, Principal Accounting Officer und Leiter der Unternehmensentwicklung. Herr Ghias bringt zwei Jahrzehnte Erfahrung im Gesundheits- und Lebenswissenschaftsbereich mit, darunter CFO-Positionen bei AvenCell Therapeutics und Marathon Pharmaceuticals sowie M&A-Beratung bei Credit Suisse.

Das Vergütungspaket umfasst: (i) ein Grundgehalt von 560.000 $; (ii) ein jährliches Ziel für Anreize in Höhe von 70 % des Gehalts (für das gesamte Jahr 2025 berechtigt); (iii) einen einmaligen Barbonus von 160.000 $, zahlbar innerhalb von 30 Tagen; und (iv) Inducement Grants am 31. Juli 2025 von 147.000 RSUs und 305.000 Aktienoptionen, die in vier gleichen jährlichen Tranchen ab dem ersten Jahrestag der Gewährung vesten.

Die Einreichung gibt an, dass Herr Ghias keine Transaktionen mit nahestehenden Personen hat, keine besonderen Vereinbarungen zu seiner Ernennung bestehen und keine familiären Beziehungen zu aktuellen Direktoren oder Führungskräften vorliegen. Eine Pressemitteilung (Ex. 99.1) gibt die Einstellung zeitgleich bekannt.

Investor-Insight: Obwohl das Ereignis die aktuelle Finanzprognose nicht ändert, stärkt BioCryst sein Führungsteam mit einem CFO, der über Expertise in Kommerzialisierung und Transaktionsmanagement verfügt und die zukünftige Kapitalstrategie und Geschäftsentwicklung unterstützen könnte.

Positive
  • Experienced CFO appointment: Ghias has deep rare-disease commercialisation and M&A background, potentially enhancing strategic execution.
  • Equity-based inducement aligns new executive’s interests with shareholders through multi-year vesting.
Negative
  • Added cash outlay: $160k signing bonus and higher executive compensation modestly increase operating expenses.
  • Potential dilution: 452k RSUs/options, while small (<0.3% of shares), still incrementally expand share count over four years.

Insights

TL;DR: Seasoned CFO hire improves governance depth; impact modest but directionally positive.

The Board’s unanimous selection of Babar Ghias adds a financially sophisticated executive with proven capital-markets and rare-disease launch experience. His combined CFO/Head of Corporate Development remit centralises financial reporting, capital allocation and external growth initiatives under one leader, reducing coordination risk. Compensation aligns incentives through equity (�452k shares/options) with four-year vesting, fostering retention without immediate EPS dilution. No related-party concerns were identified, supporting strong governance practices. Though strategic benefits depend on execution, the appointment addresses a critical leadership seat and signals Board focus on growth & M&A optionality.

TL;DR: Leadership change is neutral near-term; potential upside if Ghias accelerates BD deals.

The disclosure is operational rather than financial—no guidance update, revenue metrics or pipeline changes. Mr. Ghias’s background in launching and monetising rare-disease assets fits BioCryst’s orphan-drug portfolio, but tangible valuation impact will hinge on future capital raises, partnering or acquisitions he may orchestrate. Compensation is in line with sector medians; the $160k cash bonus and option grant are immaterial to cash burn or share count (<0.3% dilution). Accordingly, I view the event as strategically constructive yet not immediately price-moving.

BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) ha presentato un modulo 8-K per annunciare un importante cambiamento nella leadership. A partire dal 7 luglio 2025, il Consiglio di Amministrazione ha nominato Babar Ghias (46 anni) come Chief Financial Officer, Principal Accounting Officer e Responsabile dello Sviluppo Aziendale. Il signor Ghias vanta due decenni di esperienza nel settore sanitario e delle scienze della vita, includendo ruoli di CFO presso AvenCell Therapeutics e Marathon Pharmaceuticals e attività di consulenza M&A presso Credit Suisse.

Il pacchetto retributivo comprende: (i) uno stipendio base di 560.000 $; (ii) un obiettivo di incentivo annuale pari al 70% dello stipendio (eleggibile per l'intero anno 2025); (iii) un bonus in contanti una tantum di 160.000 $ da corrispondere entro 30 giorni; e (iv) Inducement Grants il 31 luglio 2025 di 147.000 RSU e 305.000 stock option, con maturazione in quattro tranche annuali uguali a partire dal primo anniversario della concessione.

Il documento specifica che il signor Ghias non ha transazioni con parti correlate, nessun accordo speciale che abbia portato alla sua nomina e nessun rapporto familiare con direttori o dirigenti attuali. Un comunicato stampa (Ex. 99.1) annuncia contestualmente l'assunzione.

Considerazioni per gli investitori: Sebbene l'evento non modifichi le attuali previsioni finanziarie, BioCryst rafforza il proprio team esecutivo con un CFO dotato di esperienza nella commercializzazione e nelle operazioni di fusione e acquisizione che potrebbe supportare la futura strategia di capitale e lo sviluppo aziendale.

BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) presentó un formulario 8-K anunciando un cambio clave en el liderazgo. A partir del 7 de julio de 2025, la Junta nombró a Babar Ghias (46 años) como Director Financiero, Principal Oficial de Contabilidad y Jefe de Desarrollo Corporativo. El Sr. Ghias aporta dos décadas de experiencia en salud y ciencias de la vida, incluyendo cargos de CFO en AvenCell Therapeutics y Marathon Pharmaceuticals, además de asesoría en fusiones y adquisiciones en Credit Suisse.

El paquete de compensación incluye: (i) salario base de $560,000; (ii) objetivo de incentivo anual equivalente al 70% del salario (elegible por todo el año 2025); (iii) un bono único en efectivo de $160,000 pagadero dentro de 30 días; y (iv) Inducement Grants el 31 de julio de 2025 de 147,000 RSUs y 305,000 opciones sobre acciones, que se otorgarán en cuatro tramos anuales iguales a partir del primer aniversario de la concesión.

El documento indica que el Sr. Ghias no tiene transacciones con partes relacionadas, no existen acuerdos especiales que hayan llevado a su nombramiento ni relaciones familiares con directores o ejecutivos actuales. Un comunicado de prensa (Ex. 99.1) anuncia simultáneamente la contratación.

Conclusión para inversores: Aunque el evento no modifica la guía financiera actual, BioCryst fortalece su equipo ejecutivo con un CFO que posee experiencia en comercialización y negociación que podría apoyar la futura estrategia de capital y desarrollo empresarial.

BioCryst Pharmaceuticals, Inc. (나스ë‹�: BCRX)ê°€ 주요 리ë”ì‹� ë³€ë™ì„ 알리ëŠ� 8-K 서류ë¥� 제출했습니다. 2025ë…� 7ì›� 7ì¼ë¶€í„� ì´ì‚¬íšŒëŠ” 바바ë¥� 기아ìŠ�(46ì„�)ë¥� 최고재무책임ìž�(CFO), 주요 회계 ì±…ìž„ìž� ë°� 기업 개발 ì±…ìž„ìžë¡œ 임명했습니다. 기아ìŠ� 씨는 AvenCell Therapeuticsì™¶Ä Marathon Pharmaceuticalsì—서 CFO ì—­í• ì� 수행했으ë©� Credit Suisseì—서 M&A ìžë¬¸ 경험ì� í¬í•¨í•� 20ë…„ê°„ 헬스케ì–� ë°� ìƒëª…과학 분야 경력ì� 보유하고 있습니다.

ë³´ìƒ íŒ¨í‚¤ì§€ëŠ� 다ìŒì� í¬í•¨í•©ë‹ˆë‹�: (i) 기본 ì—°ë´‰ 56ë§� 달러; (ii) ì—°ê°„ ì¸ì„¼í‹°ë¸Œ 목표ëŠ� ì—°ë´‰ì� 70% (2025ë…� ì „ì²´ 기간 ì ìš©); (iii) 30ì� ì´ë‚´ 지급ë˜ëŠ� ì¼íšŒì„� 현금 보너ìŠ� 16ë§� 달러; (iv) 2025ë…� 7ì›� 31ì¼ì— 부여ë˜ëŠ� 147,000 RSUì™¶Ä 305,000 스톡옵션, ë¶€ì—� 1주년부í„� 4ë…„ê°„ 매년 ë™ì¼ 비율ë¡� 베스팅ë©ë‹ˆë‹¤.

서류ì—는 기아ìŠ� 씨가 ê´€ë � 당사ìž� 거래가 없으ë©�, 임명ì� 위한 특별í•� í•©ì˜ë‚� 현재 ì´ì‚¬ ë˜ëŠ” ìž„ì›ê³� ê°€ì¡� 관계가 없다ê³� 명시ë˜ì–´ 있습니다. ë³´ë„ìžë£Œ(Ex. 99.1)ë� ë™ì‹œì—� 채용 사실ì� 공개했습니다.

투ìžìž� 시사ì �: ì´ë²ˆ 사건ì� 현재 재무 ê°€ì´ë˜ìФì—ëŠ� 변화를 주지 않지ë§�, BioCrystëŠ� ìƒì—…í™� ë°� 거래 경험ì� 갖춘 CFOë¥� ì˜ìž…í•� 향후 ìžë³¸ ì „ëžµê³� 사업 개발ì� ì§€ì›í•  ìˆ� 있는 ê²½ì˜ì§„ì„ ê°•í™”í–ˆìŠµë‹ˆë‹¤.

BioCryst Pharmaceuticals, Inc. (Nasdaq : BCRX) a déposé un formulaire 8-K annonçant un changement clé dans la direction. À compter du 7 juillet 2025, le conseil d'administration a nommé Babar Ghias (46 ans) au poste de directeur financier, principal responsable comptable et chef du développement corporatif. M. Ghias apporte deux décennies d'expérience dans le secteur de la santé et des sciences de la vie, incluant des postes de CFO chez AvenCell Therapeutics et Marathon Pharmaceuticals ainsi que des missions de conseil en fusions-acquisitions chez Credit Suisse.

Le package de rémunération comprend : (i) un salaire de base de 560 000 $ ; (ii) un objectif d'incitation annuel équivalent à 70 % du salaire (éligible pour l'année complète 2025) ; (iii) un bonus en espèces unique de 160 000 $ payable sous 30 jours ; et (iv) des Inducement Grants le 31 juillet 2025, comprenant 147 000 RSU et 305 000 options d'achat d'actions, acquises en quatre tranches annuelles égales à partir du premier anniversaire de l'attribution.

Le dépôt précise que M. Ghias n'a aucune transaction avec des parties liées, aucun arrangement spécial ayant conduit à sa nomination, et aucune relation familiale avec des administrateurs ou dirigeants actuels. Un communiqué de presse (Ex. 99.1) annonce simultanément son embauche.

À retenir pour les investisseurs : Bien que cet événement ne modifie pas les prévisions financières actuelles, BioCryst renforce son équipe de direction avec un CFO possédant une expertise en commercialisation et en négociation, pouvant soutenir la future stratégie de capital et le développement des affaires.

BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) hat eine 8-K-Meldung eingereicht, in der eine wichtige Führungsänderung bekanntgegeben wird. Mit Wirkung zum 7. Juli 2025 ernannte der Vorstand Babar Ghias (46) zum Chief Financial Officer, Principal Accounting Officer und Leiter der Unternehmensentwicklung. Herr Ghias bringt zwei Jahrzehnte Erfahrung im Gesundheits- und Lebenswissenschaftsbereich mit, darunter CFO-Positionen bei AvenCell Therapeutics und Marathon Pharmaceuticals sowie M&A-Beratung bei Credit Suisse.

Das Vergütungspaket umfasst: (i) ein Grundgehalt von 560.000 $; (ii) ein jährliches Ziel für Anreize in Höhe von 70 % des Gehalts (für das gesamte Jahr 2025 berechtigt); (iii) einen einmaligen Barbonus von 160.000 $, zahlbar innerhalb von 30 Tagen; und (iv) Inducement Grants am 31. Juli 2025 von 147.000 RSUs und 305.000 Aktienoptionen, die in vier gleichen jährlichen Tranchen ab dem ersten Jahrestag der Gewährung vesten.

Die Einreichung gibt an, dass Herr Ghias keine Transaktionen mit nahestehenden Personen hat, keine besonderen Vereinbarungen zu seiner Ernennung bestehen und keine familiären Beziehungen zu aktuellen Direktoren oder Führungskräften vorliegen. Eine Pressemitteilung (Ex. 99.1) gibt die Einstellung zeitgleich bekannt.

Investor-Insight: Obwohl das Ereignis die aktuelle Finanzprognose nicht ändert, stärkt BioCryst sein Führungsteam mit einem CFO, der über Expertise in Kommerzialisierung und Transaktionsmanagement verfügt und die zukünftige Kapitalstrategie und Geschäftsentwicklung unterstützen könnte.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  July 7, 2025

_______________________________

BioCryst Pharmaceuticals, Inc.

(Exact name of registrant as specified in its charter)

_______________________________

Delaware000-2318662-1413174
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

4505 Emperor Blvd., Suite 200

Durham, North Carolina 27703

(Address of Principal Executive Offices) (Zip Code)

(919) 859-1302

(Registrant's telephone number, including area code)

 

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockBCRXNasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 
 
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On July 7, 2025, BioCryst Pharmaceuticals, Inc., a Delaware corporation (the “Company”), announced the appointment of Babar Ghias, age 46, as Chief Financial Officer of the Company, effective as of July 7, 2025, and as approved by the Company’s Board of Directors (the “Board”) on June 11, 2025. Mr. Ghias will also serve as the Company’s Principal Accounting Officer and Head of Corporate Development, effective as of July 7, 2025.

 

Mr. Ghias joins the Company from AvenCell Therapeutics, Inc. (“AvenCell”), a clinical-stage CAR-T company focused on hematologic malignancies, where he served as Chief Financial Officer since 2022. Prior to joining AvenCell, from 2017 to 2022, Mr. Ghias was Executive Vice President of Investments and Portfolio Management at Paragon Biosciences, LLC (“Paragon”), a global biotech development firm. He also served as Chief Financial and Operating Officer for several Paragon portfolio companies. At Paragon, he launched four biotechnology companies focused on rare diseases from early clinical to successful commercial launch. From 2014 to 2017, Mr. Ghias served as Chief Financial Officer and Head of Corporate Development at Marathon Pharmaceuticals, LLC, a specialty rare disease company, where he prepared the company for a commercial launch and led the successful sale of the firm. Earlier in his career, for over a decade, he was an investment banker who served as a senior member of the mergers and acquisitions team at Credit Suisse, providing strategic advice to clients and boards of directors in the healthcare and life sciences industries. Mr. Ghias received his B.S. degree in Economics from Lahore University of Management Sciences in Pakistan and earned his M.B.A. with honors from Washington University in St. Louis.

 

In connection with his appointment, the Company entered into an employment letter agreement (the “Employment Agreement”) with Mr. Ghias, effective as of July 7, 2025, pursuant to which Mr. Ghias will receive an annual base salary of $560,000, with a target percentage under the Company’s Annual Incentive Plan (“AIP”) of 70% of his annual base salary. Mr. Ghias’s AIP payout for 2025 performance will not be prorated based on his start date. Mr. Ghias will also receive a one-time cash bonus of $160,000, payable within 30 days of July 7, 2025, subject to certain offset and repayment requirements as set forth under his Employment Agreement.

 

In addition, on July 31, 2025, pursuant to the Company’s Inducement Equity Incentive Plan, as amended and restated, the Compensation Committee of the Board will grant to Mr. Ghias 147,000 restricted stock units and options to purchase up to 305,000 shares of the Company’s common stock (the “Inducement Grants”). The Inducement Grants shall vest in four equal annual installments beginning on the one-year anniversary of the grant date, in each case subject to Mr. Ghias’s continuous employment with the Company through the applicable vesting date.

 

Mr. Ghias has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor are there any such transactions currently proposed. There are no arrangements or understandings between Mr. Ghias and any other persons pursuant to which Mr. Ghias was appointed as Chief Financial Officer, and there are no family relationships between Mr. Ghias and any of the Company’s directors or executive officers.

 

Item 7.01. Regulation FD Disclosure.

 

On July 7, 2025, the Company issued a press release announcing the appointment of Mr. Ghias as the Company’s new Chief Financial Officer. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference into this Item 7.01.

 

The information furnished is not deemed “filed” for purposes of Section 18 of the Exchange Act, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No. 

Description

 

99.1 Press Release dated July 7, 2025 entitled “BioCryst Appoints Babar Ghias Chief Financial Officer and Head of Corporate Development”
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 BioCryst Pharmaceuticals, Inc.
   
  
Date: July 7, 2025By: /s/ Alane Barnes        
  Alane Barnes
  Chief Legal Officer
  

 

FAQ

Who is the new CFO of BioCryst Pharmaceuticals (BCRX)?

BioCryst appointed Babar Ghias as Chief Financial Officer, Principal Accounting Officer and Head of Corporate Development effective 7 July 2025.

What is the compensation package for BioCryst’s new CFO?

Ghias will receive $560k base salary, 70 % AIP target, a $160k signing bonus, 147k RSUs and 305k stock options vesting over four years.

Does the 8-K disclose any related-party transactions involving the new CFO?

No. The filing states Ghias has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a).

Will the 2025 AIP bonus for the new CFO be prorated?

No. BioCryst confirmed the 2025 AIP payout will not be prorated despite Ghias joining mid-year.

When will the inducement equity awards to the new CFO vest?

Both the 147k RSUs and 305k options vest in four equal annual installments starting on the one-year anniversary of 31 July 2025.
Biocryst Pharmaceuticals Inc

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1.75B
202.75M
1.27%
87.64%
12.8%
Drug Manufacturers - Specialty & Generic
Biological Products, (no Disgnostic Substances)
United States
DURHAM