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biotechs: Archive

Zacks Equity Research

Mirum (MIRM) Banks on Livmarli, Overdependence a Concern

Mirum's (MIRM) lead drug, Livmarli, continues to generate steady sales. The recent label expansion of the drug should drive sales further. However, overdependence on Livmarli for revenues is a concern.

ILMNPositive Net Change FULCPositive Net Change MIRMPositive Net Change

Zacks Equity Research

AN2 Therapeutics (ANTX) Plunges 66% in a Month: Here's Why

AN2 Therapeutics (ANTX) falls 66% in a month after terminating its mycobacterium avium complex lung disease study of epetraborole due to unsatisfactory efficacy results.

ILMNPositive Net Change ARCTPositive Net Change ANTXNegative Net Change FULCPositive Net Change

Zacks Equity Research

Gilead (GILD) Obtains FDA Approval for PBC Drug Livdelzi

Gilead (GILD) wins FDA nod for seladelpar for the treatment of primary biliary cholangitis (PBC) on an accelerated basis.

GSKPositive Net Change BMYPositive Net Change GILDPositive Net Change KRYSPositive Net Change

Zacks Equity Research

Incyte (INCY) Announces Data on Monjuvi, FDA Approval for GVHD Drug

Incyte???s (INCY) late-stage study on tafasitamab for patients with relapsed or refractory follicular lymphoma meets its goal. FDA approves axatilimab for the treatment of chronic graft-versus-host disease.

NVSPositive Net Change INCYPositive Net Change SNDXPositive Net Change KRYSPositive Net Change

Zacks Equity Research

FDA Expands AstraZeneca's (AZN) Imfinzi Label in Lung Cancer

This approval is based on late-stage study data, which shows that treatment with AstraZeneca's (AZN) Imfinzi reduced the risk of recurrence by 32% in certain non-small cell lung cancer patients.

AZNPositive Net Change MRKPositive Net Change ARCTPositive Net Change FULCPositive Net Change

Sundeep Ganoria

Medicare Releases Negotiated Prices on 10 Expensive Drugs

Following negotiations between Medicare and participating drug companies, some of the world's biggest medicines will see price cuts of 38-79%. These lowered prices will be going into effect in 2026.

AZNPositive Net Change NVSPositive Net Change BMYPositive Net Change JNJPositive Net Change MRKPositive Net Change AMGNPositive Net Change

Zacks Equity Research

Kodiak (KOD) Q2 Loss Narrower Than Expected, Pipeline in Focus

Kodiak (KOD) reports a narrower-than-expected loss for the second quarter of 2024. The company provides updates regarding its pipeline development plans.

ILMNPositive Net Change KODPositive Net Change FULCPositive Net Change

Zacks Equity Research

Axsome (AXSM) Banks on Auvelity & Sunosi to Fuel Growth

Axsome's (AXSM) depression drug, Auvelity, is driving the company's top line. The acquisition of Sunosi from Jazz diversifies its commercial opportunity. Stiff competition in the target market is a woe.

JAZZNegative Net Change ACADPositive Net Change AXSMPositive Net Change

Zacks Equity Research

Vertex (VRTX) Stock Outperforms Industry YTD: Here's Why

Vertex's (VRTX) CF sales are expected to remain strong despite a slight slowdown in the growth rate. Casgevy and suzetrigine (if approved) are set to provide the necessary diversification from the CF franchise.

VRTXPositive Net Change MRNAPositive Net Change CRSPPositive Net Change

Zacks Equity Research

AstraZeneca (AZN) Imfinzi Combo Gets EU Nod for Uterine Cancer

AstraZeneca's (AZN) Imfinzi plus Lynparza for treating certain patients with primary advanced or recurrent endometrial cancer is approved in the EU based on data from the phase III DUO-E study.

AZNPositive Net Change MRKPositive Net Change IMTXNo Net Change TRDAPositive Net Change

Zacks Equity Research

Lexicon (LXRX) to Reprioritize Portfolio, Slash Jobs, Stock Up

Lexicon (LXRX) announces a portfolio reprioritization plan to focus on reducing operational expenses and driving the growth of the commercial portfolio. Shares rise.

ILMNPositive Net Change LXRXNo Net Change FULCPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Ascendis (ASND) Up on FDA Nod for Hormone Therapy Yorvipath

The FDA approves Ascendis' (ASND) Yorvipath (palopegteriparatide) as the first and only treatment for hypoparathyroidism in adult patients. Shares rise.

ILMNPositive Net Change ASNDPositive Net Change FULCPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Evotec (EVO) Rises 12% on $75M Milestone Payment From BMY

A $75 million performance-based and program-based milestone payment has been triggered in favor of Evotec (EVO) under its strategic collaboration with Bristol Myers for molecular glue degraders.

BMYPositive Net Change PFEPositive Net Change EVOPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Syros (SYRS) Falls 62% on Phase II Leukemia Study Termination

Syros (SYRS) plummets 62% after the decision to discontinue the leukemia study of its investigational candidate, tamibarotene, due to a low likelihood of success per a planned futility analysis.

ABBVPositive Net Change SYRSPositive Net Change IMTXNo Net Change TRDAPositive Net Change

Zacks Equity Research

FATE Q2 Earnings Beat on Lower Expenses, Collaboration Revenues Grow

FATE reports a lower-than-expected loss on higher revenues and lower operating expenses in the second quarter of 2024.

FATEPositive Net Change KRYSPositive Net Change TRDAPositive Net Change

Ahan Chakraborty

Here's How to Play Novo Nordisk (NVO) After Q2 Earnings Miss

Novo Nordisk (NVO) is an excellent stock to buy for long-term gains, driven by the stellar performance of its GLP-1 drugs. New investors should utilize the existing opportunity to make an entry.

PFEPositive Net Change NVOPositive Net Change LLYNegative Net Change AMGNPositive Net Change

Zacks Equity Research

Pfizer (PFE) Touts RSV Jab Benefit in Immunocompromised Adults

Results from a late-stage study show that Pfizer's (PFE) RSV vaccine generated strong neutralizing responses in immunocompromised adults after receiving a single dose.

GSKPositive Net Change PFEPositive Net Change MRNAPositive Net Change

Zacks Equity Research

Here's Why You Should Invest in BioMarin (BMRN) Stock Now

Here, we are discussing some reasons why investing in BioMarin (BMRN) stock now may turn out to be a prudent move.

BMRNNo Net Change FULCPositive Net Change IMTXNo Net Change TRDAPositive Net Change

Zacks Equity Research

Exelixis (EXEL) Gains 14.9% in a Week on Strong Q2 Results

Exelixis' (EXEL) shares rally following an impressive performance in the second quarter, buoyed by a surge in license revenues.

BMYPositive Net Change EXELPositive Net Change KRYSPositive Net Change TRDAPositive Net Change

Ekta Bagri

Bristol Myers (BMY) Gains 16% in a Month: Should You Buy or Wait?

Bristol Myers' (BMY) impressive second-quarter results propelled the stock in the past month. However, we advise investors not to be over-optimistic at this point and look before they leap.

BMYPositive Net Change PFEPositive Net Change GILDPositive Net Change

Zacks Equity Research

Merck (MRK) to Buy Curon's Bispecific Antibody Drug for $1.3B

Merck (MRK) to acquire worldwide rights to a novel investigational clinical-stage bispecific antibody for treating B-cell-associated diseases. The deal is expected to close by third-quarter 2024.

MRKPositive Net Change ELANNegative Net Change FULCPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Pacira (PCRX) Plummets as US Court Deems Exparel Patent Invalid

Pacira (PCRX) falls 48% as the District Court of New Jersey rules that the company's '495 patent for its lead drug, Exparel, is not valid.

PCRXPositive Net Change FULCPositive Net Change IMTXNo Net Change TRDAPositive Net Change

Zacks Equity Research

Insmed (INSM) Lags on Q2 Earnings, Tops Sales, Reiterates View

Insmed (INSM) posts mixed second-quarter results. It reaches alignment with the FDA on the primary endpoint of a late-stage study that seeks to expand the label of Arikayce.

INSMNegative Net Change FULCPositive Net Change IMTXNo Net Change TRDAPositive Net Change

Zacks Equity Research

Intellia's (NTLA) Q2 Earnings & Revenues Fall Shy of Estimates

Intellia's (NTLA) second-quarter 2024 earnings and revenues lag estimates. The company provides developmental and regulatory updates on its pipeline candidates.

REGNPositive Net Change NTLAPositive Net Change FULCPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Novavax (NVAX) Lags on Q2 Earnings & Sales, Cuts '24 Outlook

Novavax (NVAX) posts dismal second-quarter results. It also slashes its total revenue guidance, citing lower COVID-19 vaccine uptake.

SNYPositive Net Change NVAXPositive Net Change FULCPositive Net Change TRDAPositive Net Change