Biohaven Ltd (BHVN): $9.69
Market Cap: $1.29B
Enterprise Value: $1.34B
Introduction and Company Background
To readers who have been following InsideArbitrage for some time, the biotech Biohaven (BHVN) is a familiar name. The company is what I like to call a “special situations bonanza,” a company where we see multiple event-driven strategies come together at once. We’ve written about Biohaven multiple times in the past, starting with a May 2022 mid-month update describing the acquisition of the original Biohaven by Pfizer, with a spinoff of certain assets: