Biotech stocks started last week on a strong note but the upward
momentum slowed through the week. The week saw a slew of earnings from
big pharma names, including
Merck & Co., Inc. MRK 2.05% and
Pfizer Inc. PFE 1.65%. Merck disappointed by lowering its outlook, although
sell-side stayed positive on the prospects.
Presentations at the American Association of Cancer Research Virtual Conference created some volatility.
Verastem Inc VSTM 7.41%
became a casualty of “not-so-impressive” clinical data on its Phase 1
asset VS-6766 that targets KRAS mutant advanced solid tumors. The
stock shed about 57% to a low of $1.77 before recovering some lost ground.
Here are the key catalysts for the unfolding week.
Conferences
SunTrust Robinson Humphrey 6th Annual Life Sciences Summit (Virtual Conference): May 5–6
Maxim Group M-Vest Infectious Disease Virtual Conference: May 5
Clinical Readouts
Adverum Biotechnologies Inc ADVM 1.27%
is scheduled to present new data from the OPTIC Phase1 clinical trial
of ADVM-022 intravitreal gene therapy in wet age-related macular
degeneration. The call discussing the results is scheduled for Monday
afternoon.
Auris Medical Holding Ltd EARS 4.34%
is due to release top-line data from the completed Phase 1b AM-201
trial in early May. AM-201 is being evaluated in antipsychotic-induced
weight gain.
Early Q2 Schedule
Ovid Therapeutics Inc OVID 8.79%: Phase 2 top-line data for OV101 in Fragile X syndrome
Iterum Therapeutics PLC ITRM 5.37%: Phase 3 data for Sulopenem in uncomplicated and complicated urinary tract infections
Enanta Pharmaceuticals Inc ENTA 2.39%: data from our INTREPID study of EDP-305 in patients with primary biliary cholangitis
Earnings
Monday
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Marinus Pharmaceuticals Inc MRNS 1.96% (before the market open)
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Minerva Neurosciences Inc NERV 4.68% (before the market open)
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Epizyme Inc EPZM 4.31% (before the market open)
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SI-Bone Inc SIBN 3.4% (after the market close)
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Corcept Therapeutics Incorporated CORT 3.63% (after the market close)
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Chembio Diagnostics Inc CEMI (after the market close)
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GenMark Diagnostics, Inc GNMK 0.72% (after the market close)
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Kura Oncology Inc KURA 4.6% (after the market close)
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Varian Medical Systems, Inc. VAR 2.54% (after the market close)
•
Fulgent Genetics Inc FLGT 5.95% (after the market close)
Tuesday
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Oxford Immunotec Global PLC OXFD 3.29% (before the market open)
•
Karyopharm Therapeutics Inc KPTI 12.29% (before the market open)
•
Haemonetics Corporation HAE 2.52% (before the market open)
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Antares Pharma Inc ATRS 0.62% (before the market open)
•
Harvard Bioscience, Inc. HBIO 5.09% (before the market open)
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Vericel Corp VCEL 3.38% (before the market open)
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Regeneron Pharmaceuticals Inc REGN 0.07% (before the market open)
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Neuronetics Inc STIM 8.4% (before the market open)
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Mallinckrodt PLC MNK 17.49% (before the market open)
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Akebia Therapeutics Inc AKBA 1.48% (before the market open)
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Agile Therapeutics Inc AGRX 14.23% (after the market close)
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Aquestive Therapeutics Inc AQST 3.25% (after the market close)
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Akcea Therapeutics Inc AKCA 11.31% (after the market close)
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Acorda Therapeutics Inc ACOR 7.28% (after the market close)
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Axonics Modulation Technologies Inc AXNX 3.31% (after the market close)
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Synthetic Biologics Inc SYN 3.65% (after the market close)
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T2 Biosystems Inc TTOO 1.12% (after the market close)
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Iovance Biotherapeutics Inc IOVA 0.47% (after the market close)
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MacroGenics Inc MGNX 7.22% (after the market close)
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Zogenix, Inc. ZGNX 5.74% (after the market close)
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Jazz Pharmaceuticals PLC JAZZ 0.6% (after the market close)
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Exelixis, Inc. EXEL 2.41% (after the market close)
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Myriad Genetics, Inc. MYGN 4.27% (after the market close)
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Inspire Medical Systems Inc INSP 4.26% (after the market close)
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Rigel Pharmaceuticals, Inc. RIGL 4.47% (after the market close)
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Supernus Pharmaceuticals Inc SUPN 0.77% (after the market close)
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Nevro Corp NVRO 5.42% (after the market close)
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Clovis Oncology Inc CLVS 5.91% (after the market close)
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InVitae Corp NVTA 9.16% (after the market close)
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Cytosorbents Corp CTSO 0.47% (after the market close)
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Cardiovascular Systems Inc CSII 4.05% (after the market close)
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Cerus Corporation CERS 8.62% (after the market close)
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Deciphera Pharmaceuticals Inc DCPH 9.68% (after the market close)
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Incyte Corporation INCY 0.37% (after the market close)
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Orthopediatrics Corp KIDS 8.97% (after the market close)
Wednesday
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Eyepoint Pharmaceuticals Inc EYPT 2.56% (before the market open)
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Horizon Therapeutics PLC HZNP 1.17% (before the market open)
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Constellation Pharmaceuticals Inc CNST 0.64% (before the market open)
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Alnylam Pharmaceuticals, Inc. ALNY 2.07% (before the market open)
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IVERIC bio Inc ISEE 6.7% (before the market open)
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Blueprint Medicines Corp BPMC 2.86% (before the market open)
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BioCryst Pharmaceuticals, Inc. BCRX 9.46% (before the market open)
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Strongbridge Biopharma plc SBBP 7.69% (before the market open)
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Evofem Biosciences, Inc. EVFM 5.49% (before the market open)
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Neurocrine Biosciences, Inc. NBIX 2.6% (before the market open)
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Jounce Therapeutics Inc JNCE 0.61% (before the market open)
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PPD Inc PPD 4.94% (before the market open)
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Zoetis Inc ZTS 1.19% (before the market open)
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Ionis Pharmaceuticals Inc IONS 0.38% (before the market open)
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TherapeuticsMD Inc TXMD 12.66% (before the market open)
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Avanos Medical Inc AVNS 0.13% (before the market open)
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Aerie Pharmaceuticals Inc AERI 6.17% (after the close)
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Allogene Therapeutics Inc ALLO 1.56% (after the close)
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ADMA Biologics Inc ADMA 2.03% (after the close)
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Alexion Pharmaceuticals, Inc. ALXN 3.31% (after the close)
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AxoGen, Inc Common Stock AXGN 0.92% (after the close)
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Global Blood Therapeutics Inc GBT 2.91% (after the close)
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Pacific Biosciences of California PACB 1.36% (after the close)
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Theravance Biopharma Inc TBPH 8.26% (after the close)
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BioTelemetry Inc BEAT 2.57% (after the close)
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Bio-Rad Laboratories, Inc. BIO 1.52% (after the close)
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Veracyte Inc VCYT 2.97% (after the close)
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Ligand Pharmaceuticals Inc. LGND 5.65% (after the close)
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Precigen Inc PGEN 11.67% (after the close)
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Ironwood Pharmaceuticals, Inc. IRWD 3.6% (after the close)
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OraSure Technologies, Inc. OSUR 5.65% (after the close)
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NuVasive, Inc. NUVA 3.84% (after the close)
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Sarepta Therapeutics Inc SRPT 3.85% (after the close)
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Natera Inc NTRA 5.32% (after the close)
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Vanda Pharmaceuticals Inc. VNDA 1.3% (after the close)
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Qiagen NV QGEN 0.06% (after the close)
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Enanta Pharmaceuticals Inc ENTA 2.39% (after the close)
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Esperion Therapeutics Inc ESPR 5.43% (after the close)
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G1 Therapeutics Inc GTHX 6.32% (after the close)
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Quidel Corporation QDEL 0.17% (after the close)
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Cytokinetics, Inc. CYTK 4.1% (after the close)
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MannKind Corporation MNKD 3.85% (after the close)
Thursday
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Integra Lifesciences Holdings Corp IART 0.47% (before the market open)
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Intra-Cellular Therapies Inc ITCI 5.15% (before the market open)
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Endo International PLC ENDP 3.7% (before the market open)
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Xeris Pharmaceuticals Inc XERS 9.44% (before the market open)
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Moderna Inc MRNA 4.22% (before the market open)
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Syros Pharmaceuticals Inc SYRS 0.24% (before the market open)
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Elanco Animal Health Inc ELAN 2.75% (before the market open)
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Athenex Inc ATNX 3.36% (before the market open)
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Aldeyra Therapeutics Inc ALDX 11.43% (before the market open)
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Albireo Pharma Inc ALBO 5.03% (before the market open)
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ANI Pharmaceuticals Inc ANIP 3.05% (before the market open)
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Agenus Inc AGEN 7.69% (before the market open)
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Amicus Therapeutics, Inc. FOLD 4.32% (before the market open)
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Brainstorm Cell Therapeutics Inc BCLI 1.79% (before the market open)
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Bristol-Myers Squibb Co BMY 1.33% (before the market open)
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Progenics Pharmaceuticals, Inc. PGNX 6.6% (before the market open)
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X4 Pharmaceuticals Inc XFOR 4.83% (before the market open)
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Miragen Therapeutics Inc MGEN 3.28% (before the market open)
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Kala Pharmaceuticals Inc KALA 3.31% (before the market open)
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Seres Therapeutics Inc MCRB 4.89% (before the market open)
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Intellia Therapeutics Inc NTLA 6.31% (before the market open)
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Momenta Pharmaceuticals, Inc. MNTA 5.39% (before the market open)
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Editas Medicine Inc EDIT 3.98% (before the market open)
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Pacira Biosciences Inc PCRX 6.68% (before the market open)
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Syndax Pharmaceuticals Inc SNDX 0.89% (after the close)
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Tricida Inc TCDA 6.08% (after the close)
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Helius Medical Technologies Inc HSDT 11.87% (after the close)
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Twist Bioscience Corp TWST 4.49% (after the close)
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Athersys Inc ATHX 6.52% (after the close)
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Accelerate Diagnostics Inc AXDX 5.41% (after the close)
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Adamas Pharmaceuticals Inc ADMS 1.55% (after the close)
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Arena Pharmaceuticals, Inc. ARNA 2.94% (after the close)
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Anika Therapeutics Inc ANIK 2.77% (after the close)
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Arrowhead Pharmaceuticals Inc ARWR 5.43% (after the close)
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ACADIA Pharmaceuticals Inc. ACAD 7% (after the close)
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Calithera Biosciences Inc CALA 4.73% (after the close)
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BioDelivery Sciences International, Inc. BDSI 2.63% (after the close)
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Puma Biotechnology Inc PBYI 5.67% (after the close)
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Coherus Biosciences Inc CHRS 3.43% (after the close)
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Kindred Biosciences Inc KIN 3.39% (after the close)
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PDL BioPharma Inc PDLI 0.88% (after the close)
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Rockwell Medical Inc RMTI 7.3% (after the close)
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Penumbra Inc PEN 3.5% (after the close)
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Pfenex Inc PFNX 5.76% (after the close)
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ZIOPHARM Oncology Inc. ZIOP 9.29% (after the close)
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NovaBay Pharmaceuticals, Inc. NBY 2.57% (after the close)
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ICU Medical Inc ICUI 0.68% (after the close)
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Nektar Therapeutics NKTR 5.96% (after the close)
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Savara Inc SVRA 4.56% (after the close)
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Sunesis Pharmaceuticals, Inc. SNSS 10.38% (after the close)
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OptiNose Inc OPTN 3.47% (after the close)
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Eloxx Pharmaceuticals Inc ELOX 4.79% (after the close)
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Five Prime Therapeutics Inc FPRX 11.59% (after the close)
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Flexion Therapeutics Inc FLXN 9.77% (after the close)
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FibroGen Inc FGEN 5.18% (after the close)
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Globus Medical Inc GMED 3.92% (after the close)
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Guardant Health Inc GH 4.52% (after the close)
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OpGen Inc OPGN 3.06% (after the close)
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Lineage Cell Therapeutics Inc LCTX 5.27% (after the close)
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Dynavax Technologies Corporation DVAX 1.18% (after the close)
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Chiasma Inc CHMA 3.87% (after the close)
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Collegium Pharmaceutical Inc COLL 10.98% (after the close)
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Dicerna Pharmaceuticals Inc DRNA 1.17% (after the close)
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Caladrius Biosciences Inc CLBS 16.36% (after the close)
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Glaukos Corp GKOS 1.08% (after the close)
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Celcuity Inc CELC 7.99% (after the close)
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Codexis, Inc. CDXS 5.08% (after the close)
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CytomX Therapeutics Inc CTMX 8.62% (after the close)
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Insulet Corporation PODD 2.42% (after the close)
Friday
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Meridian Bioscience, Inc. VIVO 1.17% (before the market open)
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Mersana Therapeutics Inc MRSN 8.86% (before the market open)
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Ocular Therapeutix Inc OCUL 0.17% (before the market open)
https://www.benzinga.com/general/biotech/20/05/15926105/the-week-ahead-in-biotech-smid-cap-earnings-news-flow-picks-up-pace