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biotechs: Archive

Zacks Equity Research

Biotech Stock Roundup: GILD, AMGN & BMY's Q4 Results, MOR Up on NVS Deal & More

Earnings of Gilead (GILD) and Amgen (AMGN) are in focus in the biotech sector.

BMYPositive Net Change AMGNNegative Net Change GILDNegative Net Change RGNXNegative Net Change MORPositive Net Change

Zacks Equity Research

Bristol Myers' (BMY) Opdivo Label Expansion Filings Get Accepted

Bristol Myers (BMY) announces the acceptance of its regulatory filings for the perioperative Opdivo regimen to treat a lung cancer indication in the United States and EU.

BMYPositive Net Change MRKNegative Net Change IMGNPositive Net Change PBYINegative Net Change

Zacks Equity Research

Can Biogen (BIIB) Keep the Beat Streak Alive in Q4 Earnings?

Biogen's (BIIB) sales in the fourth quarter are likely to have been hurt by lower sales of its multiple sclerosis drugs, while sales of Spinraza are likely to have risen.

BIIBNegative Net Change MRNAPositive Net Change

Zacks Equity Research

REGENXBIO's (RGNX) Hunter Syndrome Study Meets Goal, Stock Up

REGENXBIO (RGNX) gains 12% on positive top-line results from the phase I/II/III study of its investigational one-time gene therapy candidate, RGX-121, to treat pediatric patients with Hunter syndrome.

IMGNPositive Net Change PBYINegative Net Change RGNXNegative Net Change IMCRPositive Net Change

Zacks Equity Research

Gilead (GILD) Q4 Earnings Miss Estimates, Sales Top on Veklury

Gilead (GILD) posts mixed results for the fourth quarter. Sales beat estimates on the better-than-expected performance of Veklury due to higher hospitalizations at the end of 2023.

GSKPositive Net Change GILDNegative Net Change SRPTNegative Net Change PBYINegative Net Change

Zacks Equity Research

Exelixis (EXEL) Q4 Earnings Beat on Lower R&D Spend, Sales Miss

Exelixis (EXEL) surpasses earnings estimates in the fourth quarter on lower R&D expenses. Sales, however, miss estimates.

EXELPositive Net Change SRPTNegative Net Change PBYINegative Net Change RCUSPositive Net Change

Zacks Equity Research

Amgen (AMGN) Q4 Earnings Top, Horizon Drugs Drive Sales

Amgen (AMGN) beats fourth-quarter estimates for earnings and sales. Horizon's products add $954 million in sales in the quarter.

AZNNegative Net Change NVOPositive Net Change LLYNegative Net Change AMGNNegative Net Change

Zacks Equity Research

Immunome (IMNM) to Acquire Desmoid Tumor Candidate, Stock Up

Immunome (IMNM) inks an asset purchase agreement with Ayala Pharmaceuticals to acquire the latter's investigational candidate, AL102, being developed for treating desmoid tumors. Stock rises.

PBYINegative Net Change IMNMNegative Net Change IMCRPositive Net Change

Zacks Equity Research

Deciphera (DCPH) Q4 Loss Narrower Than Expected, Revenues Beat

Deciphera (DCPH) reports better-than-expected fourth-quarter 2023 results, wherein both earnings and revenues beat their respective estimates, driven by increased Qinlock sales.

IMGNPositive Net Change PBYINegative Net Change DCPHPositive Net Change IMCRPositive Net Change

Zacks Equity Research

Novartis (NVS) to Buy MorphoSys & Add Late-Stage Oncology Drug

Novartis (NVS) announces an agreement to acquire Germany-based MorphoSys AG and add the latter's late-stage candidate pelabresib to its pipeline.

NVSPositive Net Change INCYPositive Net Change ABBVNegative Net Change MORPositive Net Change

Zacks Equity Research

Bristol Myers (BMY), TSVT CAR T-Cell Therapy to Face FDA's ODAC

Bristol Myers (BMY) and its partner TSVT announce that the FDA's ODAC will meet in March to review data supporting the label expansion for CAR T-cell therapy.

NVSPositive Net Change BMYPositive Net Change PBYINegative Net Change

Zacks Equity Research

Vertex's (VRTX) Q4 Earnings and Sales Surpass Estimates

Vertex's (VRTX) fourth-quarter earnings and revenues surpass estimates. The company reports encouraging data on triple combination of vanzacaftor studies.

VRTXPositive Net Change PBYINegative Net Change CRSPNegative Net Change KODNegative Net Change

Zacks Equity Research

Novo Nordisk (NVO) to Acquire 3 Catalent Sites for $11B

Novo Nordisk (NVO) will acquire Catalent's three manufacturing sites from Novo Holdings to expand its manufacturing capacity.

NVOPositive Net Change PBYINegative Net Change DERMPositive Net Change CTLTPositive Net Change

Zacks Equity Research

Drug, Biotech Stocks' Q4 Earnings Due on Feb 6: AMGN, LLY & More

Let's take a look at four biotech, drug companies, AMGN, LLY, GILD and EXEL, slated to release quarterly results on Feb 6.

LLYNegative Net Change AMGNNegative Net Change GILDNegative Net Change EXELPositive Net Change

Zacks Equity Research

Regeneron (REGN) Q4 Earnings & Sales Top, Eylea Sales Decline

Regeneron (REGN) beats earnings and sales estimates in fourth-quarter 2023, fueled by Dupixent. However, sales of the lead drug, Eylea, continue to fall.

REGNNegative Net Change SNYNegative Net Change RHHBYPositive Net Change BAYRYNegative Net Change

Zacks Equity Research

AbbVie (ABBV) Q4 Earnings Beat, Raises Sales View for Key Drugs

AbbVie???s (ABBV) fourth-quarter earnings and sales beat estimates. Management hikes the 2027 forecast for new immunology drugs to more than $27 billion.

JNJPositive Net Change AMGNNegative Net Change ABBVNegative Net Change SDZNYPositive Net Change

Zacks Equity Research

Protagonist (PTGX) Up 14% on Licensing Deal With Takeda

Per the deal, Protagonist (PTGX) will grant exclusive rights to Takeda to market its late-stage rare hematology drug. In return, Takeda will make an upfront payment of $300 million.

SRPTNegative Net Change AVXLNegative Net Change PTGXPositive Net Change TAKNegative Net Change

Zacks Equity Research

Bristol-Myers (BMY) Q4 Earnings & Sales Beat, Stock Gains

Bristol-Myers' (BMY) fourth-quarter 2023 earnings and sales surpass estimates as Reblozyl and Revlimid outperform. Shares rise on the same.

BMYPositive Net Change PFEPositive Net Change NVOPositive Net Change SRPTNegative Net Change

Zacks Equity Research

Vertex (VRTX) to Report Q4 Earnings: What's in the Cards?

On Vertex's (VRTX) fourth-quarter 2023 earnings call, investors' focus is likely to be on the sales numbers of its lead drug, Trikafta/Kaftrio, and progress with other pipeline candidates.

VRTXPositive Net Change SRPTNegative Net Change CRSPNegative Net Change

Zacks Equity Research

Gilead (GILD) Gears Up to Report Q4 Earnings: Whats in Store?

Investors' focus is likely to be on Gilead's (GILD) HIV franchise performance and oncology sales when the company reports its fourth-quarter 2023 results.

GILDNegative Net Change MRNAPositive Net Change NTLAPositive Net Change

Zacks Equity Research

Roche (RHHBY) 2023 Earnings Miss, COVID-19 Product Sales Down

Roche (RHHBY) misses earnings and sales estimates in 2023 due to a significant decline in COVID-19-test sales. Currency rate fluctuations also impact results.

REGNNegative Net Change RHHBYPositive Net Change NVOPositive Net Change SRPTNegative Net Change

Zacks Equity Research

Merck (MRK) Q4 Earnings Beat, Sales Miss, Upbeat '24 View

Merck (MRK) beats Q4 estimates for earnings but misses the mark on sales. The company issues an encouraging 2024 guidance. Stock rises in pre-market.

AZNNegative Net Change NVOPositive Net Change MRKNegative Net Change HARPNegative Net Change

Zacks Equity Research

TEVA Q4 Earnings and Revenues Surpass Estimates, Stock Up

TEVA reports better-than-expected fourth-quarter results, beating both earnings and sales estimates. The stock gains 3% in response.

SNYNegative Net Change TEVANegative Net Change PBYINegative Net Change KODNegative Net Change

Zacks Equity Research

Biogen (BIIB) to Stop Selling Alzheimer's Disease Drug Aduhelm

Biogen (BIIB) aims to build a leading Alzheimer's disease franchise with the new drug Leqembi. The company quits commercializing the controversial Alzheimer's disease drug, Aduhelm.

BIIBNegative Net Change PBYINegative Net Change KODNegative Net Change RPTXPositive Net Change

Zacks Equity Research

Biotech Stock Roundup: GSK's Q4 Results, VRTX Gains on Update, TSVT Up on REGN Deal

Earnings from GSK and other updates from 2seventy bio (TSVT) were in focus in the biotech sector.

REGNNegative Net Change GSKPositive Net Change BIIBNegative Net Change VRTXPositive Net Change