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biotechnology: Archive

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BEAM Focuses on Developing Gene Drug for Growth

While BEAM's pipeline candidates are in early-stage clinical studies, their development is progressing well. Collaborations are a primary source of revenues in the absence of a marketed product.

PFENegative Net Change VRTXNegative Net Change BEAMNegative Net Change CRSPNegative Net Change

Zacks Equity Research

Jasper (JSPR) Up on FDA Nod to Begin Early-Stage Urticaria Study

Jasper (JSPR) announces the FDA clearance to begin the clinical study of briquilimab for chronic spontaneous urticaria. The stock of the company rises 16%.

NVSNegative Net Change CORTNegative Net Change JSPRPositive Net Change BTTXNo Net Change

Zacks Equity Research

Bristol Myers (BMY) to Acquire Mirati Therapeutics for $5.8 B

Bristol Myers (BMY) to offset its declining revenues from top drugs with the acquisition of Mirati Therapeutics, which will add lung cancer drug Krazati to its portfolio.

NVSNegative Net Change BIIBNegative Net Change BMYNegative Net Change MRTXPositive Net Change

Zacks Equity Research

Arcutis (ARQT) Up on FDA Nod for Zoryve Label Expansion

Arcutis (ARQT) gains on receiving FDA approval for label expansion of Zoryve (roflumilast) cream 0.3% to treat patients in the age group of 6-11 years with plaque psoriasis.

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Kevin Cook

Bear of the Day: Illumina (ILMN)

Contracting margins, antitrust over GRAIL, and the Icahn invasion all crash estimates and shares

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Zacks Equity Research

Bayer (BAYRY) Partners Twist Bioscience for Drug Discovery

Bayer (BAYRY) collaborates with Twist Bioscience to advance breakthrough innovations based on new scientific approaches and platform technologies.

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Zacks Equity Research

uniQure (QURE) Up on Restructuring Plans, Workforce Reduction

uniQure (QURE) gains on plans to discontinue investment in some projects and reduce 20% of its workforce.

DVAXNegative Net Change QURENegative Net Change ETONNegative Net Change

Zacks Equity Research

Apellis (APLS) Provides Syfovre Q3 Preliminary Revenues Guidance

Apellis' (APLS) shares rise as it provides third-quarter 2023 preliminary revenues guidance for Syfovre, approved for the treatment of geographic atrophy.

CORTNegative Net Change ANIKNegative Net Change APLSNegative Net Change ANVSNegative Net Change

Zacks Equity Research

Lineage (LCTX) Up 10% on Upbeat Data From Eye Disease Study

Lineage (LCTX) rises 10% on positive imaging analyses results from the phase I/IIa study of OpRegen in patients with geographic atrophy secondary to age-related macular degeneration.

RHHBYNegative Net Change CORTNegative Net Change LCTXNegative Net Change BTTXNo Net Change

Zacks Equity Research

Structure Therapeutics (GPCR) Stock Up 9% This Week: Here's Why

Structure Therapeutics (GPCR) rises 9% on encouraging initial data from the early-stage study of its pipeline candidate, GSBR-1290, in healthy overweight or obese individuals.

NVONegative Net Change LLYNegative Net Change ANIKNegative Net Change GPCRNegative Net Change

Zacks Equity Research

Orchard (ORTX) Up 97% on $478M Acquisition Deal With Kyowa Kirin

Orchard (ORTX) is set to be acquired by Kyowa Kirin for a consideration of $17 per American Depositary Share, which amounts to a total transaction value of approximately $478 million. Shares rise 97%.

CORTNegative Net Change ORTXPositive Net Change ANVSNegative Net Change BTTXNo Net Change

Zacks Equity Research

Biotech Stock Roundup: NVAX Up on Updates, ALXO Gains on Study Data & More

Regulatory and pipeline updates from Novavax (NVAX) and ALX Oncology Holdings (ALXO) are in focus in the biotech sector.

REGNNegative Net Change MRNANegative Net Change NVAXNegative Net Change NTLAPositive Net Change ALXONegative Net Change

Zacks Equity Research

Nuvalent (NUVL) Soars 36% on Upbeat Initial NSCLC Study Data

Nuvalent (NUVL) surges 36% on encouraging preliminary results from the phase I dose-escalation portion of its early-mid-stage development program for NVL-655 to treat advanced ALK-positive NSCLC.

PFENegative Net Change CORTNegative Net Change NUVLNegative Net Change BTTXNo Net Change

Zacks Equity Research

Sanofi (SNY) Signs Deal to Co-Develop Teva's IBD Candidate

Sanofi (SNY) and Teva enter into a collaboration deal to co-develop and co-commercialize the latter's inflammatory bowel disease candidate, TEV'574.

SNYNegative Net Change TEVANegative Net Change CORTNegative Net Change BTTXNo Net Change

Zacks Equity Research

Kezar (KZR) Falls 10% on Strategic Update, Reduces Workforce

Kezar (KZR) falls 10% on the decision to channel resources to one clinical candidate as part of its reprioritization efforts and slash the workforce by 41%.

CORTNegative Net Change KZRNegative Net Change ANVSNegative Net Change BTTXNo Net Change

Zacks Equity Research

Intellia (NTLA), Regeneron Expand Deal for Gene-Editing Therapies

Intellia (NTLA) expands partnership with Regeneron, to develop potential treatments for neurological and muscular diseases.

REGNNegative Net Change ANIKNegative Net Change NTLAPositive Net Change ANVSNegative Net Change

Zacks Equity Research

Kinnate Biopharma (KNTE) Falls 40% in a Month: Here's Why

Kinnate Biopharma (KNTE) plunges 40% in a month for the decision to streamline its pipeline to one clinical candidate as part of its reprioritization efforts and slash workforce by 70%.

PFENegative Net Change CORTNegative Net Change BTTXNo Net Change

Zacks Equity Research

Apellis' (APLS) Empaveli Injector Gets FDA Nod for PNH

Apellis (APLS) receives the FDA approval for Empaveli Injector, a self-administred on-body device, to treat patients with paroxysmal nocturnal hemoglobinuria.

CORTNegative Net Change ANIKNegative Net Change APLSNegative Net Change ANVSNegative Net Change

Zacks Equity Research

NRx Pharma (NRXP) to Initiate Clinical Study on NRX-101, Stock Up

NRx Pharma (NRXP) receives FDA clearance to begin clinical development for its lead candidate, NRX-101, to treat chronic pain.

CORTNegative Net Change ANIKNegative Net Change ANVSNegative Net Change NRXPPositive Net Change

Zacks Equity Research

Madrigal (MDGL) to Raise Capital Via Public Offering of $500M

Madrigal (MDGL) is raising funds through a public offering of 1.25 million shares of its common stock to use in commercial activities in the preparation of a potential launch of resmetirom in the United States.

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Zacks Equity Research

Baudax's (BXRX) Hemophilia A Drug Gets FDA's Orphan Drug Tag

FDA grants the Orphan Drug designation to Baudax (BXRX) for its lead pipeline candidate, TI-168, to treat Hemophilia A patients with inhibitors.

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Zacks Equity Research

PTC Therapeutics (PTCT) to Cut 25% Jobs by January 2024

PTC Therapeutics (PTCT) will reduce its workforce in accordance with its strategic prioritization process. It will also submit a re-examination request for the negative CHMP opinion on Translarna.

RHHBYNegative Net Change DVAXNegative Net Change PTCTNegative Net Change ETONNegative Net Change