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biotechs: Archive

Zacks Equity Research

Ligand (LGND) Up 9% on FDA Nod for Molluscum Infection Gel

Following the FDA approval, Ligand's (LGND) Zelsuvmi is the first at-home treatment option available for molluscum contagiosum.

LGNDPositive Net Change CTMXNegative Net Change AQSTNegative Net Change VRCANegative Net Change

Zacks Equity Research

Exelixis (EXEL) Posts Preliminary 2023 Results, to Cut 13% Jobs

Exelixis (EXEL) posts preliminary results for 2023 and issues 2024 guidance. The company is set to cut its workforce by 13% in the first quarter of 2024.

BMYNegative Net Change EXELNegative Net Change ACADNegative Net Change TRDANegative Net Change

Zacks Equity Research

Ultragenyx's (RARE) Preliminary 2023 Revenues Disappoint

Ultragenyx (RARE) reports preliminary full-year 2023 revenues, along with business updates, and shares 2024 revenue guidance.

PBYINegative Net Change RAREPositive Net Change ADMAPositive Net Change MREONegative Net Change

Zacks Equity Research

Amicus (FOLD) Issues Preliminary Revenue Results for FY23

Amicus (FOLD) posts preliminary results for full-year 2023. The company also provides a strategic outlook for 2024.

FOLDPositive Net Change SRPTPositive Net Change PBYINegative Net Change TRDANegative Net Change

Zacks Equity Research

Omega (OMGA) Up 95% on Obesity Drug Deal With Novo Nordisk

Using Omega's (OMGA) proprietary technology platform, Novo Nordisk (NVO) intends to develop a novel therapeutic for obesity, which will enhance the body's metabolism activity to burn excess fats.

RHHBYNegative Net Change NVONegative Net Change LLYNegative Net Change

Zacks Equity Research

Allogene (ALLO) Down 20% on Strategic Changes in Pipeline

Allogene (ALLO) decides to deprioritize two pivotal studies for the third-line treatment of certain lymphoma patients and start a new study to focus on the first-line treatment of the indication.

SRPTPositive Net Change CTMXNegative Net Change AQSTNegative Net Change ALLOPositive Net Change

Zacks Equity Research

Pacira (PCRX) Preliminary '23 Revenues Solid, Exparel Strong

Pacira (PCRX) posts preliminary revenues for the fourth quarter and full year 2023.

DVAXPositive Net Change PCRXPositive Net Change ACADNegative Net Change TRDANegative Net Change

Zacks Equity Research

Novo Nordisk (NVO) Up on $1.1B Research Deals With 2 Biotechs

Novo Nordisk (NVO) gains 4% after signing $1.1 billion research collaboration agreements with two biotech companies to develop novel treatment approaches for cardiometabolic diseases.

AZNPositive Net Change NVONegative Net Change LLYNegative Net Change

Zacks Equity Research

Axsome (AXSM) Stock Rises on Stellar Q4 Preliminary Results

Axsome (AXSM) issues encouraging preliminary results for the fourth quarter and full-year 2023. The company also provides regulatory updates on its pipeline candidates. Shares rise.

DVAXPositive Net Change JAZZPositive Net Change PBYINegative Net Change AXSMNegative Net Change

Ekta Bagri

3 Top Biotech Stocks Worth Adding to Your Portfolio in 2024

REGN, BGNE & SRPT are three biotech companies that are likely to outperform the sector on the back of strong fundamentals.

REGNNegative Net Change SRPTPositive Net Change BGNEPositive Net Change

Zacks Equity Research

Innate Pharma (IPHA) Gains as FDA Lifts Hold on Lymphoma Study

Innate Pharma (IPHA) stock moves up in the pre-market hours as the FDA lifts the partial clinical hold placed on a study evaluating lacutamab for Sezary syndrome.

PBYINegative Net Change ADMAPositive Net Change ACADNegative Net Change IPHANegative Net Change

Zacks Equity Research

Agios (AGIO) Up 5% on Upbeat Data From Thalassemia Study

Data from a late-stage study shows that non-transfusion-dependent thalassemia patients who received Agios' (AGIO) mitapivat demonstrated a statistically significant increase in hemoglobin response.

BMYNegative Net Change AGIONegative Net Change AQSTNegative Net Change

Zacks Equity Research

Biotech Stock Roundup: VYGR Gains From NVS Deal, AGIO Up on Study Data & More

Collaboration news from Voyager (VYGR) and study updates from Agios (AGIO) are the key highlights this week.

NVSNegative Net Change BMYNegative Net Change CORTNegative Net Change AGIONegative Net Change VYGRNegative Net Change

Zacks Equity Research

Here's Why You Should Invest in Adverum (ADVM) Stock Now

Here, we discuss some reasons why buying Adverum Biotechnologies (AQST) stock now may turn out to be a prudent move.

NVONegative Net Change PBYINegative Net Change ADVMNegative Net Change AQSTNegative Net Change

Zacks Equity Research

Ultragenyx (RARE) Posts Update From AS Study of GTX-102

Ultragenyx (RARE) completes enrollment in the phase I/II study of GTX-102 for the treatment of pediatric patients with AS. Top-line data from the study is expected in the first half of 2024.

PBYINegative Net Change RAREPositive Net Change ADMAPositive Net Change ACADNegative Net Change

Zacks Equity Research

Bristol Myers (BMY) NSCLC Drug Application Gets EMA Validation

Bristol Myers' (BMY) repotrectinib is under review in the European Union for the treatment of locally advanced or metastatic ROS1-Positive NSCLC and NTRK-positive solid tumors.

BMYNegative Net Change MRKNegative Net Change MRTXPositive Net Change TRDANegative Net Change

Zacks Equity Research

Why Moderna (MRNA) Stock Price Was Up 13% on Tuesday

Moderna (MRNA) surges after analysts at Oppenheimer upgraded its rating in anticipation of the company marketing five products by 2026.

MRKNegative Net Change MRNANegative Net Change SRPTPositive Net Change CTMXNegative Net Change

Zacks Equity Research

Voyager (VYGR) Gains on Gene Therapy Deal With Novartis

Voyager (VYGR) enters into a capsid license agreement with Novartis for Huntington's disease and spinal muscular atrophy. The infusion of cash will extend the company's cash runway.

NVSNegative Net Change DVAXPositive Net Change VYGRNegative Net Change TRDANegative Net Change

Zacks Equity Research

C4 Therapeutics (CCCC) Gains 310% in 3 Months: Here's Why

C4 Therapeutics (CCCC) shares surge on a licensing deal to develop degrader-antibody conjugates with Merck and positive data from CFT7455 studies.

DVAXPositive Net Change MRKNegative Net Change PBYINegative Net Change CCCCNegative Net Change

Zacks Equity Research

BEAM Stock Rallies More Than 25% in 3 Months: What Next?

BEAM is making good progress with its lead pipeline candidate, BEAM-101, which is being developed for treating sickle cell disease. Also, the recent restructuring efforts are expected to reduce costs.

DVAXPositive Net Change BEAMNegative Net Change PBYINegative Net Change TRDANegative Net Change

Zacks Equity Research

Anavex (AVXL) Falls 35% on Mixed Rett Syndrome Study Results

Anavex (AVXL) falls 35% on mixed results from the mid to late-stage study of 30 mg ANAVEX2-73 for the treatment of pediatric Rett Syndrome patients aged 5-17 years.

PBYINegative Net Change ADMAPositive Net Change ACADNegative Net Change AVXLNegative Net Change

Zacks Equity Research

Longboard Pharma (LBPH) Up on Upbeat Data From Epilepsy Study

Longboard Pharma (LBPH) skyrockets 316% on positive data from phase Ib/IIa study of bexicaserin for the treatment of seizures associated with a broad range of epilepsy indications.

PBYINegative Net Change ADMAPositive Net Change XENENegative Net Change

Nalak Das

Top 5 Momentum Picks for January After a Fabulous 2023

We have narrowed our search to five large-cap stocks that have strong momentum for January. These are BGNE, SHOP, REGN, SPLK and CASY.

REGNNegative Net Change SPLKPositive Net Change CASYNegative Net Change SHOPPositive Net Change BGNEPositive Net Change

Zacks Equity Research

Editas (EDIT) Stock Gains 23% in the Past 6 Months: Here's Why

Editas (EDIT) shares have gained 23% in the past six months, driven by encouraging findings from the EDIT-301 studies in SCD and TDT, along with a licensing deal for its CAS9 gene-editing tool with Vertex.

VRTXPositive Net Change EDITNegative Net Change CRSPNegative Net Change

Zacks Equity Research

Acadia's (ACAD) Nuplazid Sales Drive Growth Amid Competition

Acadia (ACAD) is witnessing robust growth in revenues, driven by Nuplazid and Daybue sales. However, dependence on Nuplazid sales for revenues, along with stiff competition, remains a woe.

PBYINegative Net Change ADMAPositive Net Change ACADNegative Net Change AXSMNegative Net Change