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Sunday, March 22, 2020

Biotech week ahead, March 23

Biotech stocks went on a roller coaster ride in the week ended March 20 amid the market-wide COVID-19 sell-off. Activity remained light amid the cancellation of many medical meetings.
The COVID-19 treatment and vaccine development news flow was front and center, as biopharma and diagnostics companies scrambled to capitalize on the need presented by the pandemic.
This news flow is likely to continue into the unfolding week, with companies already in the fray providing updates and new entrants making announcements.
The following are other catalysts that could move stocks in the biotech space:

PDUFA Dates

The FDA is scheduled to announced its verdict on Bristol-Myers Squibb Co’s BMY 0.9% NDA for ozanimod as a treatment option for patients with relapsing forms of multiple sclerosis. (Wednesday)
IntelGenx Technologies Corp. OTCMKTS: (IGXT)’s NDA for rizaport versafilm for the treatment of acute migraine is pending before the FDA, with the target action day fixed for Thursday. The company has faced three rejections for the investigational drug in the past.
The FDA is also expected to rule on Rockwell Medical Inc’s RMTI 4.52% sNDA for intravenous formulation of anemia drug Triferic. (Saturday)

Earnings

Monday
  • DiaMedica Therapeutics Inc DMAC 12.37% (after the close)
Tuesday
Wednesday
Thursday
  • Celsion Corporation (NASDAQ: CLSN (before the market open)
  • Entera Bio Ltd ENTX 2.5% (before the market open)
  • TFF Pharmaceuticals Inc TFFP 19.23% (before the market open)
  • IGM Biosciences Inc IGMS 7.43% (after the close)
  • NovaBay Pharmaceuticals, Inc. NBY 44.13% (after the close)
  • Vermillion, Inc. VRML 3.66% (after the close)
Friday
  • TELA Bio Inc TELA 5.8% (before the market open)
  • Zyla Life Sciences ZCOR 1.23% (before the market open)

IPO Quiet Period Expiry

Passage Bio Inc PASG 9.75%
https://www.benzinga.com/general/biotech/20/03/15610253/the-week-ahead-in-biotech-bristol-myers-rockwell-medical-await-fda-decisions-covid-19-updates-in-

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