Blueprint Medicines Shares Jump on View That Ayvakit Could Hit $2B in Revenue by 2030

Dow Jones

2025/01/14

By Owen Tucker-Smith

Shares of Blueprint Medicines rose after the company said its flagship drug Ayvakit could bring in $2 billion in revenue by 2030.

Shares were recently up 14%, to $99.70, midday Monday. The stock is up almost 15% since the start of the year.

The Cambridge, Mass., company on Sunday said in a 2025 outlook that Ayvakit could garner $2 billion in revenue by 2030. The drug treats Indolent Systemic Mastocytosis, which causes a buildup of abnormal mast cells in the body.

The company also shared results from its trial for BLU-808. Percy Carter, the company's chief scientific officer, said that the data from the trial indicated that the drug had "best-in-class potential."

In 2025, the company said it hopes to drive growth through revenue from Ayvakit and from the accelerated development of its BLU-808.

Blueprint expects Ayvakit to generate between $140 million and $145 million in sales for the fourth quarter, for a year-over-year growth rate of about 97%. The company expects to report fourth-quarter results in February.

CEO Kate Haviland was also scheduled to present at the 43rd Annual J.P. Morgan Healthcare Conference on Monday.

Write to Owen Tucker-Smith at owen.tucker-smith@wsj.com

(END) Dow Jones Newswires

January 13, 2025 14:34 ET (19:34 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Morgan Healthcare Conference on Monday. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Owen Tucker-Smith at owen.tucker-smith@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2025 14:34 ET (19:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BPMC","symbol_name":"Blueprint Medicines Corporation","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503532016","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503532016","pubTimestamp":1736796840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Blueprint Medicines rose after the company said its flagship drug Ayvakit could bring in $2 billion in revenue by 2030.Shares were recently up 14%, to $99.70, midday Monday. 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