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biotechs: Archive

Zacks Equity Research

How Allogene (ALLO) Stock Stands Out in a Strong Industry

Allogene (ALLO) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

ALLOPositive Net Change

Kinjel Shah

Pharma Stock Roundup: MRK to Buy Harpoon, JNJ to Acquire Ambrx Biopharma & More

Merck (MRK) offers to acquire Harpoon for $680 million. J&J (JNJ) is set to acquire Ambrx Biopharma for approximately $2.0 billion

JNJNegative Net Change PFENegative Net Change MRKNegative Net Change ABBVNegative Net Change

Zacks Equity Research

C4 (CCCC) Up 6% on Restructuring Plan to Curb Cash Burn

The new restructuring plan will allow C4 Therapeutics (CCCC) to extend its cash runway into 2027. The company plans to reduce its workforce by nearly 30%.

NVONegative Net Change MRKNegative Net Change SRPTPositive Net Change CCCCNegative Net Change

Zacks Equity Research

Biotech Stock Roundup: REGN Down on Eylea Update, MRNA Gains on Preliminary Results

Preliminary Q4 and 2023 results from Regeneron (REGN) and Moderna (MRNA) were key highlights this week in the biotech sector.

REGNNegative Net Change GSKNegative Net Change MRNANegative Net Change EXELNegative Net Change SRPTPositive Net Change

Zacks Equity Research

Amarin (AMRN) Stock Rises on Stellar Q4 Preliminary Results

Amarin (AMRN) issues encouraging preliminary results for the fourth quarter and full-year 2023. The company also plans to initiate a share repurchase program of up to $50 million. Stock gains.

AMRNNegative Net Change PBYINegative Net Change STOKPositive Net Change

Zacks Equity Research

Mirati (MRTX) Gets EU Nod for Krazati in KRAS-Mutated NSCLC

Mirati's (MRTX) Krazati gets the European Commission's conditional marketing approval for treating adult patients with KRASG12C-mutated advanced non-small cell lung cancer.

BMYNegative Net Change PBYINegative Net Change MRTXPositive Net Change

Zacks Equity Research

Xeris (XERS) Up on Licensing Deal With Amgen to Develop Tepezza

Xeris (XERS) gains 16% after signing a licensing deal with Amgen, which allows the latter to utilize the XeriJect technology to develop a subcutaneous formulation of teprotumumab in Thyroid Eye Disease.

AMGNNegative Net Change PBYINegative Net Change ADMAPositive Net Change XERSNegative Net Change

Zacks Equity Research

Here's Why You Should Invest in Ocuphire Pharma (OCUP) Now

Here, we discuss some reasons why buying Ocuphire Pharma (OCUP) stock now may turn out to be a prudent move.

REGNNegative Net Change PBYINegative Net Change VTRSNegative Net Change

Zacks Equity Research

Why Sarepta's (SRPT) Stock Price Moved Up 17% on Tuesday

Sarepta (SRPT) surges after its CEO made positive comments on the label expansion filing for the company's DMD gene therapy. The company expects a potential approval in August.

RHHBYNegative Net Change SRPTPositive Net Change CTMXNegative Net Change SLDBNo Net Change

Zacks Equity Research

Prothena's (PRTA) Update on Pipeline Progress Disappoints

Prothena (PRTA) provides updates on PRX012, PRX123, birtamimab and other programs. The delay in phase III data on birtamimab disappoints investors.

BIIBNegative Net Change RHHBYNegative Net Change BMYNegative Net Change PRTANegative Net Change

Zacks Equity Research

SELLAS (SLS) Rises on FDA Fast Track Tag to Leukemia Candidate

The FDA bestows a Fast Track Designation to SELLAS' (SLS) pipeline candidate, SLS009, for the treatment of relapsed/refractory acute myeloid leukemia. Stock gains.

SRPTPositive Net Change PBYINegative Net Change SLSNo Net Change

Zacks Equity Research

Atea Pharma (AVIR) Gains on Upbeat Initial Data From HCV Study

Atea Pharma (AVIR) gains 11% after reporting positive initial results from the first 52 patients in the lead-in cohort of the mid-stage study evaluating its bemnifosbuvir/RZR combo to treat HCV.

PBYINegative Net Change ADMAPositive Net Change ACADNegative Net Change AVIRNegative Net Change

Zacks Equity Research

MeiraGTx (MGTX): Strong Industry, Solid Earnings Estimate Revisions

MeiraGTx (MGTX) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

MGTXPositive Net Change

Zacks Equity Research

GSK to Buy Private Biotech, Strengthen Respiratory Pipeline

GSK's proposed acquisition of Aiolos is set to add the latter's long-acting anti-TSLP monoclonal antibody, AIO-001, to GSK's broad portfolio of respiratory products.

REGNNegative Net Change GSKNegative Net Change SRPTPositive Net Change PBYINegative Net Change

Zacks Equity Research

Cytokinetics (CYTK) Rises on Reports of Buyout by Novartis

Cytokinetics (CYTK) shares gain on reports of acquisition by pharma giant Novartis.

NVSNegative Net Change BMYNegative Net Change CYTKNegative Net Change ABBVNegative Net Change

Zacks Equity Research

Moderna (MRNA) Issues 2023 Preliminary Results, Stock Up 4%

Moderna (MRNA) reports unaudited product sales of around $6.7 billion for 2023, meeting its previously issued guidance. Share price rises following the announcement.

NVONegative Net Change MRKNegative Net Change MRNANegative Net Change CTMXNegative Net Change

Zacks Equity Research

Ambrx (AMAM) Skyrockets 102% on $2B Buyout Offer From J&J

J&J (JNJ) is set to acquire Ambrx Biopharma (AMAM) in an all-cash transaction for $2.0 billion. The transaction will likely close in first-half 2024.

JNJNegative Net Change PFENegative Net Change MRKNegative Net Change

Zacks Equity Research

Novo Nordisk's (NVO) Phase III Diabetes Study Meets Primary Goal

Novo Nordisk (NVO) reports positive top-line data from one of its late-stage studies under the COMBINE program evaluating once-weekly IcoSema in type II diabetes patients.

NVONegative Net Change PBYINegative Net Change ADMAPositive Net Change ACADNegative Net Change

Zacks Equity Research

Regeneron (REGN) Down as Q4 Eylea Preliminary Sales Disappoint

Regeneron (REGN) shares decline after it announces preliminary Q4 sales for the ophthalmology drug Eylea.

REGNNegative Net Change SNYNegative Net Change RHHBYNegative Net Change BAYRYNegative Net Change

Sweta Killa

Biotech ETFs Stage Solid Comeback at the Start of 2024

The biotech space staged a strong comeback at the start of 2024, driven by multi-billion dollar deals, upbeat clinical results and cutting-edge medical advances like CRISPR gene-editing hitting prime-time.

BMYNegative Net Change JNJNegative Net Change MRKNegative Net Change IBBNegative Net Change XBINegative Net Change BBHNegative Net Change BBPNegative Net Change IBBQNegative Net Change

Zacks Equity Research

Sarepta (SRPT) Rises on Solid Q4 and 2023 Preliminary Results

Sarepta (SRPT) issues encouraging preliminary results for the fourth quarter and full-year 2023. Shares of the company rise.

RHHBYNegative Net Change SRPTPositive Net Change PBYINegative Net Change ANABNegative Net Change

Zacks Equity Research

Apellis (APLS) Up on Strong Q4 Preliminary Syfovre U.S. Revenues

Apellis (APLS) reports strong preliminary net product revenues in the United States for the fourth quarter of 2023, driven by robust Syfovre sales. The stock gains 15%.

PBYINegative Net Change ADMAPositive Net Change ACADNegative Net Change APLSNegative Net Change

Zacks Equity Research

Anavex (AVXL): Strong Industry, Solid Earnings Estimate Revisions

Anavex (AVXL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

AVXLNegative Net Change

Zacks Equity Research

Merck (MRK) to Strengthen Cancer Pipeline With Harpoon Buyout

Merck's (MRK) Harpoon buyout is expected to strengthen its oncology pipeline by adding the latter's lead pipeline candidate, HPN328, a T cell engager being studied for SCLC and neuroendocrine tumors.

JNJNegative Net Change MRKNegative Net Change HARPNegative Net Change

Zacks Equity Research

Alnylam (ALNY) Posts Preliminary Q4 & Full-Year '23 Revenues

Alnylam (ALNY) reports preliminary full-year and fourth-quarter 2023 net product revenues.

ALNYNegative Net Change PBYINegative Net Change ADMAPositive Net Change ACADNegative Net Change