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Biohaven epilepsy drug hit by partial FDA hold

FDA issues a partial clinical hold on Biohaven’s BHV-7000 enrollment, while existing dosing and 2026 topline timelines continue and a global Kv7 licensing deal advances.

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Biohaven Ltd. (BHVN) reports that the U.S. FDA issued a partial clinical hold on the BHV-7000 epilepsy program on September 4, 2026, pausing new patient enrollment while additional nonclinical studies further characterize a specific rodent metabolite.

Dosing continues for more than 600 already randomized patients across the BHV-7000 program, including BHV7000-303, which is fully enrolled, with topline data still expected in the second half of 2026. Over 1,200 participants have received BHV-7000 to date, and the safety profile has generally been described as safe and well-tolerated. BHV7000-302 and the open-label extension study will keep dosing but will not enroll new patients until the additional nonclinical data are available.

Separately, on August 26, 2026, Biohaven’s subsidiary Biohaven Bioscience Ireland Limited entered into a License Agreement under which SK Biopharmaceuticals will receive an exclusive, royalty-bearing, worldwide license to Biohaven’s Kv7 ion channel platform, including BHV-7000, subject to closing conditions including Hart-Scott-Rodino review. All clinical and nonclinical data, including metabolite characterization, were disclosed to SK Biopharmaceuticals before signing.

Positive

  • SK Biopharmaceuticals obtains an exclusive, worldwide, royalty-bearing license to Biohaven’s Kv7 ion channel platform, including BHV-7000, creating a strategic partnership around this asset.

Negative

  • The FDA imposed a partial clinical hold on BHV-7000 on September 4, 2026, pausing new patient enrollment across the program pending additional nonclinical metabolite data.
  • Enrollment in the pivotal BHV7000-302 trial for refractory focal epilepsy is paused for new patients until further nonclinical data on the metabolite are available.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Participants dosed with BHV-7000 Over 1,200 participants Cumulative across the BHV-7000 development program
Randomized patients currently dosed More than 600 patients Already randomized in the BHV-7000 program at time of partial hold
Global clinical sites selected More than 110 sites Selected for the first of two focal epilepsy trials BHV7000-302 and BHV7000-303
Trial durations 8-week and 12-week trials Randomized, double-blind, placebo-controlled pivotal BHV-7000 studies
End-of-Phase 2 meeting timing January 2024 Meeting with FDA to advance BHV-7000 to Phase 3 trials
Partial clinical hold date September 4, 2026 Date FDA issued partial clinical hold pausing new enrollment
License Agreement date August 26, 2026 Date Biohaven’s subsidiary entered License Agreement with SK Biopharmaceuticals
Topline readout target Second half of 2026 Target timing for BHV7000-303 topline data
partial clinical hold regulatory
"FDA instructed the Company to pause new enrollment and issued a partial clinical hold"
A partial clinical hold is a temporary restriction imposed by health regulators that pauses certain parts of a medical trial while allowing others to continue. For investors, it signals potential delays or issues with a company's development of new treatments, which can impact future growth prospects. It’s like putting a project on hold in some areas while others keep moving forward.
open-label extension medical
"BHV7000-201 is the associated open-label extension (“OLE”) study"
An open-label extension is a continuation of a clinical trial where all participants and researchers know which treatment is being given, often after an initial blinded phase. It allows further study of a drug's long-term safety and effectiveness. For investors, it can indicate ongoing interest and confidence in a product's potential, influencing perceptions of its future value.
Hart-Scott-Rodino regulatory
"completion of the required Hart-Scott-Rodino (“HSR”) submission required for closing"
The Hart-Scott-Rodino Antitrust Act is a U.S. law that requires companies to notify federal regulators and wait for a review before closing large mergers or acquisitions. Think of it as a required heads-up and cooling-off period so antitrust officials can check whether a deal would unfairly reduce competition; for investors this can delay or block transactions and change the risk, timing, and expected value of corporate deals.
royalty-bearing financial
"SKBP will have an exclusive, royalty-bearing, worldwide license"
An asset, contract, or revenue stream described as royalty-bearing requires regular payments calculated as a percentage or fixed fee based on sales, production, or use. For investors, this matters because such payments either reduce the cash an owner keeps from a product or create a predictable income stream for the party receiving the royalty—think of it like renting out a patent or mine where the operator pays the owner a portion of what they earn.
Kv7 ion channel platform medical
"exclusive, royalty-bearing, worldwide license to Biohaven’s Kv7 ion channel platform"
refractory focal epilepsy medical
"two pivotal studies evaluating the efficacy of BHV-7000 in refractory focal epilepsy"

FAQ

What FDA action did Biohaven (BHVN) disclose regarding BHV-7000?

The FDA issued a partial clinical hold on September 4, 2026, pausing new patient enrollment in the BHV-7000 program due to insufficient nonclinical information about a specific rodent metabolite’s potential risk to humans.

Are BHV-7000 patients still being dosed despite the partial hold on BHVN?

Yes. Dosing continues for all patients already randomized in the BHV-7000 program, including more than 600 patients and the fully enrolled BHV7000-303 trial. The hold applies only to new enrollment.

How does the FDA hold affect the BHV7000-303 trial timelines for BHVN?

Biohaven states there is no impact on BHV7000-303 timelines because enrollment and randomization were already completed. Dosing continues and topline data remain expected in the second half of 2026.

What is happening with the BHV7000-302 trial in Biohaven’s program?

BHV7000-302 will continue dosing existing patients, but new enrollment is paused while additional nonclinical studies clarify the significance of the metabolite findings. The open-label extension study also continues dosing.

What licensing deal did Biohaven (BHVN) sign with SK Biopharmaceuticals?

On August 26, 2026, Biohaven’s subsidiary agreed to grant SK Biopharmaceuticals an exclusive, royalty-bearing, worldwide license to its Kv7 ion channel platform, including BHV-7000, subject to closing conditions such as Hart-Scott-Rodino review.

How many participants have been exposed to BHV-7000 so far?

Biohaven reports that over 1,200 participants have been dosed with BHV-7000 across the development program, and the clinical safety profile has generally been described as safe and well-tolerated to date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
0001935979false00019359792026-09-042026-09-04

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): September 4, 2026
Biohaven Ltd.
(Exact name of registrant as specified in its charter)
British Virgin Islands001-41477Not applicable
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
c/o Biohaven Pharmaceuticals, Inc.
215 Church Street
New Haven, Connecticut 06510
(Address of principal executive offices, including zip code)
(203) 404-0410
(Registrant’s telephone number, including area code)
Not applicable
(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 symbolName of each exchange on which registered
Common Shares, no par valueBHVNNew York Stock Exchange
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 8.01    Other Events.

Biohaven Ltd. (the “Company,” “we” or “our”) is providing updates to the BHV-7000 program. We refer you to our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 for a description of the BHV-7000 program.

In January 2024, we completed our End-of-Phase 2 meeting with the U.S. Food and Drug Administration (“FDA”) to advance to Phase 3 trials and announced that more than 110 global clinical sites have been selected in the first of two focal epilepsy trials (BHV7000-302 and BHV7000-303). Enrollment in our Phase 2/3 program commenced in the first quarter of 2024. The two pivotal studies evaluating the efficacy of BHV-7000 in refractory focal epilepsy are randomized, double-blind, placebo-controlled, 8- and 12-week trials with a primary endpoint of change from baseline in 28-day average seizure frequency in adults with focal epilepsy. BHV7000-303 is evaluating 50 mg and 75 mg doses of BHV-7000. BHV7000-201 is the associated open-label extension (“OLE”) study. The clinical safety profile of BHV-7000 has generally been safe and well-tolerated to date with over 1,200 participants dosed with BHV-7000 across the development program.

In June 2026, we announced that enrollment in BHV7000-303 was complete. Dosing continues and topline data readout remains on timeline for the second half of 2026.

As part of the nonclinical characterization of certain metabolites of BHV-7000 observed in rodent testing, an update was provided to global regulatory authorities regarding these ongoing nonclinical studies. It was determined that there was insufficient information related to a specific metabolite to assess risks of that metabolite to human subjects at this time. Thus, FDA instructed the Company to pause new enrollment until additional clarifying nonclinical studies are completed, and issued a partial clinical hold letter on September 4, 2026 that pauses new patient enrollment pending the results of additional nonclinical data regarding the metabolite. The partial clinical hold applies to new patient enrollment only. Dosing continues for all patients already randomized across the BHV-7000 program, more than 600 patients. BHV7000-303, one of two pivotal studies in refractory focal epilepsy, is fully enrolled and randomized. Dosing continues in BHV7000-303 and topline data remain on track for the second half of 2026.

Until the additional nonclinical data are available in the coming weeks, specific near-term implications regarding the development program are as follows:
Dosing of already randomized patients is allowed to continue across the BHV-7000 program while waiting for the additional nonclinical data to further characterize this metabolite.
There is no impact to the BHV7000-303 timelines as study enrollment and randomization was previously completed. Dosing remains ongoing in BHV7000-303 and topline data continues to be on timelines for the second half of 2026.
BHV7000-302 will also continue dosing but new enrollment is paused pending nonclinical data that is expected in the coming weeks to further elucidate findings related to this metabolite that have uncertain significance in humans. Additionally, the OLE study continues dosing.
Biohaven voluntarily instituted this plan to its global sites outside of the U.S.

The significance of the nonclinical metabolite findings to humans is uncertain. The findings may be specific to rodents and not relevant to human safety, and the additional nonclinical studies underway are intended to address that question. BHV-7000 has generally been safe and well-tolerated in clinical studies with over 1,200 participants dosed to date.

On August 26, 2026, Biohaven Bioscience Ireland Limited (“BBIL”), a wholly owned subsidiary of the Company, entered into a License Agreement (the “License Agreement”) with SK Biopharmaceuticals Co., Ltd. (“SKBP”). Pursuant to the License Agreement, effective upon the closing of the transactions contemplated thereby, SKBP will have an exclusive, royalty-bearing, worldwide license, with the right to grant sublicenses subject to the terms of the License Agreement, to Biohaven’s Kv7 ion channel platform, including BHV-7000 as well as other Kv7 compounds and products covered by the License Agreement. All clinical and nonclinical data, including those related to the metabolite characterization submitted to global regulatory authorities, was fully disclosed to SKBP prior to the
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signing of the License Agreement. Biohaven and SKBP continue to work on the completion of the required Hart-Scott-Rodino (“HSR”) submission required for closing.
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SIGNATURES
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.
Date: September 9, 2026
Biohaven Ltd.
By:/s/ Matthew Buten
Matthew Buten
Chief Financial Officer


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