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biotechnology: Archive

Zacks Equity Research

Milestone Pharma (MIST) Down on Regulatory Update for Etripamil

Milestone Pharma (MIST) plunges 31% following an RTF letter from the FDA due to insufficient data to begin a substantive review of the regulatory filing for etripamil nasal spray to treat PSVT.

AGENNegative Net Change PBYIPositive Net Change ADMAPositive Net Change MISTNegative Net Change

Zacks Equity Research

Bristol Myers (BMY) to Buy Cancer Drug-Maker RayzeBio for $4.1B

Bristol Myers (BMY) is set to acquire RayzeBio for $4.1 billion to strengthen and diversify its already established oncology portfolio. The transaction is expected to close in the first half of 2024.

BMYNegative Net Change MRTXPositive Net Change

Zacks Equity Research

Merck (MRK) & Daiichi Sankyo's Lung Cancer ADC Gets Priority Tag

Merck (MRK) and Daiichi Sankyo's regulatory filing for HER3-DXd gets the FDA's priority review grant for the treatment of adult patients with lung cancer. A final decision is expected on Jun 26, 2024.

MRKPositive Net Change AGENNegative Net Change PBYIPositive Net Change ADMAPositive Net Change

Ahan Chakraborty

What Awaits These 4 Drug Stocks That More Than Doubled in 2023?

Here are four drug, biotech stocks, AMPH, DERM, CNTA & AQST, which have more than doubled in 2023 with room for further growth in 2024.

AMPHPositive Net Change DERMPositive Net Change AQSTPositive Net Change CNTANegative Net Change

Zacks Equity Research

Bristol Myers (BMY) to Buy Karuna Therapeutics for $14B

Bristol Myers (BMY) announces a second acquisition in two months. It is set to buy Karuna Therapeutics, Inc. (KRTX) for $14 billion to strengthen its neuroscience portfolio.

BMYNegative Net Change ABBVPositive Net Change MRTXPositive Net Change

Zacks Equity Research

Bausch Health (BHC) Ulcerative Colitis Drug Meets Primary Goal

Bausch's (BHC) amiselimod achieves the primary and key secondary endpoints, including clinical and endoscopic measures, in the double-blind period of a phase II study.

PBYIPositive Net Change CTMXPositive Net Change BHCNegative Net Change TRDAPositive Net Change

Zacks Equity Research

Biotech Stock Roundup: CGEN Up on GILD Deal, MRNA Gains on Study Data & More

Compugen (CGEN) and Moderna (MRNA) are in the news on collaboration and study updates, respectively.

GILDNegative Net Change MRNAPositive Net Change CGENPositive Net Change ARGXNegative Net Change

Zacks Equity Research

GSK, Hansoh Ink Deal to Develop Lung Cancer ADC Candidate

GSK enters into an exclusive licensing agreement with China-based Hansoh to develop and commercialize the latter's lung cancer candidate, HS-20093.

GSKPositive Net Change AGENNegative Net Change PBYIPositive Net Change ADMAPositive Net Change

Zacks Equity Research

Immunovant (IMVT) Up on Upbeat Initial Batoclimab GD Study Data

Immunovant (IMVT) announces positive initial data from the mid-stage study of batoclimab in patients with Graves' disease. The stock gains 12% in the after-market hours, following the news.

AGENNegative Net Change PBYIPositive Net Change ADMAPositive Net Change IMVTPositive Net Change

Ekta Bagri

3 Cancer-Focused Biotechs That Appear Promising Bets for 2024

With the spotlight on oncology-focused companies in the biotech sector in 2023, we discuss three stocks that have a promising oncology portfolio/pipeline for 2024.

BMYNegative Net Change LLYPositive Net Change BGNEPositive Net Change ALLOPositive Net Change TNGXNegative Net Change

Zacks Equity Research

bluebird (BLUE) Stock Down on Raising Additional Capital

bluebird (BLUE) issues shares to raise capital to support the commercialization and manufacturing of its three approved gene therapies. Its shares are down on the dilution of equity.

VRTXNegative Net Change CRSPPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Gilead (GILD), Compugen Collaborate for Immunotherapy Program

Gilead (GILD) enters into a license agreement with Compugen for its pre-clinical immunotherapy program.

GILDNegative Net Change CGENPositive Net Change RCUSPositive Net Change ACLXNegative Net Change

Zacks Equity Research

CARA's Late-Stage Skin Disease Study Fails, Stock Plummets 49%

CARA discontinues the clinical program of oral difelikefalin for pruritus associated with atopic dermatitis following the failure of dose-finding Part A of the late-stage study. Stock plunges 49%.

AGENNegative Net Change PBYIPositive Net Change ADMAPositive Net Change

Zacks Equity Research

Mirum (MIRM) Down on Failure of Mid-Stage Study on Livmarli

Mirum (MIRM) faces a setback in its efforts to expand its lead drug Livmarli's label for the indication of biliary atresia in patients who have undergone a Kasai surgery.

DVAXNegative Net Change MIRMPositive Net Change TVTXPositive Net Change TRDAPositive Net Change