Biopharma stocks lock-stepped with the broader market in the week ending Feb. 25 before finishing higher. The trajectory was the same, with the sector declining in the first two sessions of the holiday-shortened week before making a comeback.
Earnings news picked up pace during the week and served as catalysts for stock moves. Kodiak Sciences Inc.
(Get Free Alerts for KOD) was among the worst decliners for the week after it's lead candidate KSI-301 could not ace a Phase 2/3 study in wet age-related macular degeneration.(Get Free Alerts for RETA) received a complete response letter for the new drug application for bardoxolone methyl for the treatment of patients with chronic kidney disease, caused by Alport syndrome. Meanwhile, Eli Lilly & Co. and partner Boehringer Ingelheim announced the Food and Drug Administration's nod for expanding the label for Jardiance to be used for reducing the risk of death and hospitalization for all patients with heart failure.
Here are the key catalysts that can influence trading in biopharma stocks in the unfolding week:
Conferences:
American Academy of Allergy, Asthma & Immunology, or AAAAI, Annual Meeting: Feb. 25-28, in Phoenix, Arizona
Credit Suisse London Global Healthcare Conference: March 1-2 (virtual event)
PDUFA Dates
The FDA is scheduled to rule on Amryt Pharma plc's
NDA for Filsuvez, which is being evaluated as a treatment for the cutaneous manifestations of junctional and dystrophic epidermolysis bullosa, a rare genetic skin disorder affecting young children and adults for which there is currently no approved treatment. The PDUFA goal date is Monday, Feb. 28.Johnson & Johnson
/Legend Biotech Corporation have a tryst with the FDA on Monday regarding their biologic license application for ciltacabtagene autoleucel (Cilta-cel). Cilta-cel is a B-cell maturation antigen CAR-T therapy that is being investigated for the treatment of adults with relapsed and/or refractory multiple myeloma.The FDA is also required to rule on the NDA submitted by Gilead Sciences, Inc.
relating to its lenacapavir, an investigational, long-acting HIV-1 capsid inhibitor, for the treatment of HIV-1 infection in heavily treatment-experienced people with multi-drug resistant HIV-1 infection. The decision is due by Monday.CTI BioPharma Corp.
has a PDUFA goal date of Monday for its NDA for Pacritinib for the treatment of myelofibrosis patients with severe thrombocytopenia.Clinical Data Readouts/Presentations
Intellia Therapeutics, Inc.
will present additional interim clinical data from the ongoing Phase 1 study of NTLA-2001 in patients with transthyretin amyloidosis with polyneuropathy. (Monday, at 4:30 pm)AAAAI Meeting Presentations
KalVista Pharmaceuticals, Inc.
: new data on KVD900, its lead drug program for oral on-demand treatment of hereditary angioedema (HAE) attacks.Earnings
The earnings list presented is not comprehensive. Click here to access Benzinga's earnings calendar for the complete schedule.
Monday
Reata Pharmaceuticals, Inc.
(Get Free Alerts for RETA) (before the market open)Viatris Inc. (before the market open)
ACADIA Pharmaceuticals Inc. (after the close)
Fate Therapeutics, Inc. (after the close)
FibroGen, Inc. (after the close)
Mirati Therapeutics, Inc. (after the close)
Novavax, Inc. (after the close)
Endo International plc (after the close)
Heron Therapeutics, Inc. (after the close)
Supernus Pharmaceuticals, Inc. (after the close)
Tuesday
Amarin Corporation plc
(before the market open)Amyris, Inc. (before the market open)
Epizyme, Inc. (before the market open)
Horizon Therapeutics Public Limited Company (before the market open)
Intra-Cellular Therapies, Inc. (before the market open)
ChemoCentryx, Inc. (after the market close)
Inovio Pharmaceuticals, Inc. (after the market close)
Jazz Pharmaceuticals plc (after the market close)
REGENXBIO Inc. (after the market close)
Sarepta Therapeutics, Inc. (after the market close)
Wednesday
Amneal Pharmaceuticals, Inc.
(before the market open)Thursday
Fulcrum Therapeutics, Inc.
(before the market open)Puma Biotechnology, Inc. (after the market close)
Profound Medical Corp. (after the market close)
Oncolytics Biotech Inc. (after the market close)
INmune Bio, Inc. (after the market close)
Evofem Biosciences, Inc. (after the market close)
Calyxt, Inc. (after the market close)
IPOs
IPO Quiet Period Expiry
Arcellx, Inc.
Nuvectis Pharma, Inc.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.