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biotechs: Archive

Zacks Equity Research

FDA Expands AstraZeneca's (AZN) Imfinzi Label in Lung Cancer

This approval is based on late-stage study data, which shows that treatment with AstraZeneca's (AZN) Imfinzi reduced the risk of recurrence by 32% in certain non-small cell lung cancer patients.

AZNNegative Net Change MRKPositive Net Change ARCTNegative Net Change FULCNegative Net Change

Sundeep Ganoria

Medicare Releases Negotiated Prices on 10 Expensive Drugs

Following negotiations between Medicare and participating drug companies, some of the world's biggest medicines will see price cuts of 38-79%. These lowered prices will be going into effect in 2026.

AZNNegative Net Change NVSNegative Net Change BMYNegative Net Change JNJNegative Net Change MRKPositive Net Change AMGNNegative Net Change

Zacks Equity Research

Kodiak (KOD) Q2 Loss Narrower Than Expected, Pipeline in Focus

Kodiak (KOD) reports a narrower-than-expected loss for the second quarter of 2024. The company provides updates regarding its pipeline development plans.

ILMNPositive Net Change KODPositive Net Change FULCNegative Net Change

Zacks Equity Research

Axsome (AXSM) Banks on Auvelity & Sunosi to Fuel Growth

Axsome's (AXSM) depression drug, Auvelity, is driving the company's top line. The acquisition of Sunosi from Jazz diversifies its commercial opportunity. Stiff competition in the target market is a woe.

JAZZNegative Net Change ACADNegative Net Change AXSMPositive Net Change

Zacks Equity Research

Vertex (VRTX) Stock Outperforms Industry YTD: Here's Why

Vertex's (VRTX) CF sales are expected to remain strong despite a slight slowdown in the growth rate. Casgevy and suzetrigine (if approved) are set to provide the necessary diversification from the CF franchise.

VRTXNegative Net Change MRNAPositive Net Change CRSPNegative Net Change

Zacks Equity Research

AstraZeneca (AZN) Imfinzi Combo Gets EU Nod for Uterine Cancer

AstraZeneca's (AZN) Imfinzi plus Lynparza for treating certain patients with primary advanced or recurrent endometrial cancer is approved in the EU based on data from the phase III DUO-E study.

AZNNegative Net Change MRKPositive Net Change IMTXNegative Net Change TRDAPositive Net Change

Zacks Equity Research

Lexicon (LXRX) to Reprioritize Portfolio, Slash Jobs, Stock Up

Lexicon (LXRX) announces a portfolio reprioritization plan to focus on reducing operational expenses and driving the growth of the commercial portfolio. Shares rise.

ILMNPositive Net Change LXRXNegative Net Change FULCNegative Net Change TRDAPositive Net Change

Zacks Equity Research

Ascendis (ASND) Up on FDA Nod for Hormone Therapy Yorvipath

The FDA approves Ascendis' (ASND) Yorvipath (palopegteriparatide) as the first and only treatment for hypoparathyroidism in adult patients. Shares rise.

ILMNPositive Net Change ASNDNegative Net Change FULCNegative Net Change TRDAPositive Net Change

Zacks Equity Research

Evotec (EVO) Rises 12% on $75M Milestone Payment From BMY

A $75 million performance-based and program-based milestone payment has been triggered in favor of Evotec (EVO) under its strategic collaboration with Bristol Myers for molecular glue degraders.

BMYNegative Net Change PFENegative Net Change EVONegative Net Change TRDAPositive Net Change

Zacks Equity Research

Syros (SYRS) Falls 62% on Phase II Leukemia Study Termination

Syros (SYRS) plummets 62% after the decision to discontinue the leukemia study of its investigational candidate, tamibarotene, due to a low likelihood of success per a planned futility analysis.

ABBVNegative Net Change IMTXNegative Net Change TRDAPositive Net Change

Zacks Equity Research

FATE Q2 Earnings Beat on Lower Expenses, Collaboration Revenues Grow

FATE reports a lower-than-expected loss on higher revenues and lower operating expenses in the second quarter of 2024.

FATEPositive Net Change KRYSNegative Net Change TRDAPositive Net Change

Ahan Chakraborty

Here's How to Play Novo Nordisk (NVO) After Q2 Earnings Miss

Novo Nordisk (NVO) is an excellent stock to buy for long-term gains, driven by the stellar performance of its GLP-1 drugs. New investors should utilize the existing opportunity to make an entry.

PFENegative Net Change NVOPositive Net Change LLYNegative Net Change AMGNNegative Net Change

Zacks Equity Research

Pfizer (PFE) Touts RSV Jab Benefit in Immunocompromised Adults

Results from a late-stage study show that Pfizer's (PFE) RSV vaccine generated strong neutralizing responses in immunocompromised adults after receiving a single dose.

GSKNegative Net Change PFENegative Net Change MRNAPositive Net Change

Zacks Equity Research

Here's Why You Should Invest in BioMarin (BMRN) Stock Now

Here, we are discussing some reasons why investing in BioMarin (BMRN) stock now may turn out to be a prudent move.

BMRNNegative Net Change FULCNegative Net Change IMTXNegative Net Change TRDAPositive Net Change

Zacks Equity Research

Exelixis (EXEL) Gains 14.9% in a Week on Strong Q2 Results

Exelixis' (EXEL) shares rally following an impressive performance in the second quarter, buoyed by a surge in license revenues.

BMYNegative Net Change EXELNegative Net Change KRYSNegative Net Change TRDAPositive Net Change

Ekta Bagri

Bristol Myers (BMY) Gains 16% in a Month: Should You Buy or Wait?

Bristol Myers' (BMY) impressive second-quarter results propelled the stock in the past month. However, we advise investors not to be over-optimistic at this point and look before they leap.

BMYNegative Net Change PFENegative Net Change GILDNegative Net Change

Zacks Equity Research

Merck (MRK) to Buy Curon's Bispecific Antibody Drug for $1.3B

Merck (MRK) to acquire worldwide rights to a novel investigational clinical-stage bispecific antibody for treating B-cell-associated diseases. The deal is expected to close by third-quarter 2024.

MRKPositive Net Change ELANNegative Net Change FULCNegative Net Change TRDAPositive Net Change

Zacks Equity Research

Pacira (PCRX) Plummets as US Court Deems Exparel Patent Invalid

Pacira (PCRX) falls 48% as the District Court of New Jersey rules that the company's '495 patent for its lead drug, Exparel, is not valid.

PCRXPositive Net Change FULCNegative Net Change IMTXNegative Net Change TRDAPositive Net Change

Zacks Equity Research

Insmed (INSM) Lags on Q2 Earnings, Tops Sales, Reiterates View

Insmed (INSM) posts mixed second-quarter results. It reaches alignment with the FDA on the primary endpoint of a late-stage study that seeks to expand the label of Arikayce.

INSMNegative Net Change FULCNegative Net Change IMTXNegative Net Change TRDAPositive Net Change

Zacks Equity Research

Intellia's (NTLA) Q2 Earnings & Revenues Fall Shy of Estimates

Intellia's (NTLA) second-quarter 2024 earnings and revenues lag estimates. The company provides developmental and regulatory updates on its pipeline candidates.

REGNNegative Net Change NTLANegative Net Change FULCNegative Net Change TRDAPositive Net Change

Zacks Equity Research

Novavax (NVAX) Lags on Q2 Earnings & Sales, Cuts '24 Outlook

Novavax (NVAX) posts dismal second-quarter results. It also slashes its total revenue guidance, citing lower COVID-19 vaccine uptake.

SNYPositive Net Change NVAXPositive Net Change FULCNegative Net Change TRDAPositive Net Change

Zacks Equity Research

Amicus (FOLD) Up as Q2 Earnings & Sales Top, '24 View Updated

Amicus (FOLD) rises 13% as it reports second-quarter 2024 results, wherein both earnings and sales beat the Zacks Consensus Estimate. The company updates its financial guidance for 2024.

FOLDPositive Net Change ANIXPositive Net Change AKRONegative Net Change ANVSNegative Net Change

Zacks Equity Research

Xenon (XENE) Q2 Earnings Miss, Pipeline in Focus, Stock Down

Xenon (XENE) is down as it reports a wider-than-expected second-quarter 2024 loss. Its development programs for azetukalner in epilepsy and MDD are progressing well.

NBIXPositive Net Change XENENegative Net Change AKRONegative Net Change ANVSNegative Net Change

Zacks Equity Research

Gilead (GILD) Q2 Earnings Beat, Annual Profit Guidance Raised

Gilead (GILD) Q2 earnings and sales beat estimates on high HIV, oncology and liver disease drug sales and low expenses.

GSKNegative Net Change GILDNegative Net Change ANIXPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Iovance (IOVA) Q2 Earnings Beat, Stock Up on Upbeat Sales View

Iovance (IOVA) reports better-than-expected second-quarter results. Shares price rises on the back of encouraging product revenue guidance issued by management for 2024 and 2025.

IOVANegative Net Change FULCNegative Net Change IMTXNegative Net Change TRDAPositive Net Change