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biotechs: Archive

Zacks Equity Research

Amicus (FOLD) Up as Q2 Earnings & Sales Top, '24 View Updated

Amicus (FOLD) rises 13% as it reports second-quarter 2024 results, wherein both earnings and sales beat the Zacks Consensus Estimate. The company updates its financial guidance for 2024.

FOLDPositive Net Change ANIXPositive Net Change AKROPositive Net Change ANVSPositive Net Change

Zacks Equity Research

Xenon (XENE) Q2 Earnings Miss, Pipeline in Focus, Stock Down

Xenon (XENE) is down as it reports a wider-than-expected second-quarter 2024 loss. Its development programs for azetukalner in epilepsy and MDD are progressing well.

NBIXPositive Net Change XENEPositive Net Change AKROPositive Net Change ANVSPositive Net Change

Zacks Equity Research

Gilead (GILD) Q2 Earnings Beat, Annual Profit Guidance Raised

Gilead (GILD) Q2 earnings and sales beat estimates on high HIV, oncology and liver disease drug sales and low expenses.

GSKPositive Net Change GILDPositive Net Change ANIXPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Iovance (IOVA) Q2 Earnings Beat, Stock Up on Upbeat Sales View

Iovance (IOVA) reports better-than-expected second-quarter results. Shares price rises on the back of encouraging product revenue guidance issued by management for 2024 and 2025.

IOVAPositive Net Change FULCPositive Net Change IMTXNo Net Change TRDAPositive Net Change

Zacks Equity Research

Prothena (PRTA) Q2 Earnings Benefit From Collaboration Revenues

Prothena (PRTA) records impressive second-quarter earnings as the top line benefits from a $80-million payment from collaboration partner BMY.

RHHBYPositive Net Change BMYPositive Net Change NVOPositive Net Change PRTAPositive Net Change

Zacks Equity Research

Mirum's (MIRM) Q2 Earnings Lag Estimates, Revenues Top

Mirum's (MIRM) earnings miss estimates in the second quarter of 2024 while revenues beat the same. Livmarli drives year-over-year sales.

EXASPositive Net Change FULCPositive Net Change MIRMPositive Net Change TRDAPositive Net Change

Zacks Equity Research

SpringWorks (SWTX) Q2 Earnings Beat, Ogsiveo Drives Revenues

SpringWorks (SWTX) reports better-than-expected second-quarter results. The newly approved desmoid tumor drug, Ogsiveo, witnesses a strong launch.

EXASPositive Net Change FULCPositive Net Change SWTXPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Kymera (KYMR) Q2 Loss Narrower Than Expected, Pipeline in Focus

Kymera (KYMR) reports a narrower-than-expected loss in the second quarter. The company expects the current cash balance to provide a runway into the first half of 2027.

SNYPositive Net Change ANIXPositive Net Change KYMRPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Intra-Cellular (ITCI) Q2 Loss Narrower Than Expected, Sales Beat

Intra-Cellular (ITCI) reports second-quarter 2024 results, wherein both earnings and revenues beat estimates, driven by strong Caplyta sales.

ITCIPositive Net Change ANIXPositive Net Change AKROPositive Net Change ANVSPositive Net Change

Zacks Equity Research

Viatris (VTRS) Q2 Earnings Outpace Estimates, Sales Miss

Viatris' (VTRS) earnings beat estimates in the second quarter but sales miss the same. New products are performing well and the rise in annual guidance for these products' sales is encouraging.

ANIXPositive Net Change AKROPositive Net Change VTRSPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Allogene (ALLO) Posts Narrower Than Expected Loss in Q2

Allogene's (ALLO) second-quarter earnings beat estimates but sales miss the mark. It expects to submit a regulatory filing with the FDA for its lead pipeline drug in large B-cell lymphoma indication by 2027.

ALLOPositive Net Change FULCPositive Net Change IMTXNo Net Change TRDAPositive Net Change

Zacks Equity Research

Catalyst (CPRX) Rises as Q2 Earnings & Revenues Beat Estimates

Catalyst (CPRX) gains as it reports strong second-quarter results, wherein earnings and revenues beat the Zacks Consensus Estimate, primarily driven by strong Firdapse sales.

CPRXNegative Net Change ANIXPositive Net Change AKROPositive Net Change ANVSPositive Net Change

Zacks Equity Research

Editas (EDIT) Q2 Earnings & Revenues Miss Estimates, Stock Down

Editas (EDIT) reports lower-than-expected second-quarter 2024 results as both earnings and revenues miss estimates. The stock falls 12.2%.

VRTXPositive Net Change EDITPositive Net Change AKROPositive Net Change ANVSPositive Net Change

Zacks Equity Research

Sarepta (SRPT) Q2 Earnings Top Estimates, Sales Lag, View Weak

Sarepta (SRPT) reports mixed results in the second quarter. It issues revenue guidance for 2025, which is below expectations. Stock falls during after-market trading.

RHHBYPositive Net Change SRPTNegative Net Change IMTXNo Net Change TRDAPositive Net Change

Zacks Equity Research

Exelixis (EXEL) Q2 Earnings Beat, Milestone Payments Fuel Revenues

Exelixis (EXEL) beats on earnings and sales in the second quarter. Its shares are trading up in response to the results.

EXELPositive Net Change ANIXPositive Net Change AKROPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Beam Therapeutics (BEAM) Q2 Earnings Beat, Revenues Miss

Beam Therapeutics (BEAM) reports mixed second-quarter results. The company remains focused on pipeline development.

BEAMPositive Net Change EXASPositive Net Change FULCPositive Net Change TRDAPositive Net Change

Zacks Equity Research

Halozyme's (HALO) Q2 Earnings & Sales Top Estimates, Stock Up

Halozyme (HALO) reports better-than-expected second-quarter 2024 results. The company maintains revenue guidance for 2024. Stock rises in after-hours trading.

RHHBYPositive Net Change JNJPositive Net Change HALOPositive Net Change EXASPositive Net Change

Zacks Equity Research

Amgen (AMGN) Stock Down Despite Q2 Earnings & Sales Beat

Amgen (AMGN) beats second-quarter 2024 estimates for earnings and sales. It tightens its revenue and earnings guidance range for 2024. Stock falls.

AZNPositive Net Change NVOPositive Net Change LLYNegative Net Change AMGNPositive Net Change

Zacks Equity Research

Acadia (ACAD) Q2 Earnings Beat, Product Sales Drive Revenues

Acadia (ACAD) reports encouraging second-quarter results as both earnings and revenues beat estimates, driven by higher Nuplazid and Daybue sales.

ACADPositive Net Change ANIXPositive Net Change AKROPositive Net Change ANVSPositive Net Change

Zacks Equity Research

Novo Nordisk (NVO) Falls as Q2 Earnings and Sales Miss, View Up

Novo Nordisk (NVO) falls as it reports lower-than-expected Q2 results, missing both earnings and revenue estimates. However, sales of Diabetes and Obesity care products increase year over year.

NVOPositive Net Change ANIXPositive Net Change AKROPositive Net Change ANVSPositive Net Change

Zacks Equity Research

Zoetis (ZTS) Q2 Earnings & Revenues Beat, '24 Outlook Raised

Zoetis (ZTS) reports better-than-expected Q2 results, beating both earnings and revenue estimates, primarily driven by strong sales of companion animal products. Management raises the 2024 outlook.

ZTSNegative Net Change ANIXPositive Net Change AKROPositive Net Change ANVSPositive Net Change

Zacks Equity Research

CRISPR Therapeutics (CRSP) Q2 Loss Wider Than Expected

CRISPR Therapeutics (CRSP) incurs a wider-than-expected loss in the second quarter of 2024. The commercial launch of CRISPR-based gene therapy, Casgevy, is progressing well.

VRTXPositive Net Change HALOPositive Net Change CRSPPositive Net Change RPTXPositive Net Change

Zacks Equity Research

BioMarin (BMRN) Q2 Earnings & Sales Top Estimates, Ups '24 View

BioMarin (BMRN) posts better-than-expected second quarter earnings. It also raises its revenue and earnings guidance for full-year 2024.

BMRNNo Net Change HALOPositive Net Change IMTXNo Net Change TRDAPositive Net Change

Zacks Equity Research

Regeneron (REGN) Q2 Earnings Gain From Eylea HD, Dupixent

Regeneron's (REGN) decent second-quarter results can be attributed to strong uptake of Eylea HD sales and high Dupixent profits, even though lead drug Eylea is under pressure.

REGNPositive Net Change SNYPositive Net Change RHHBYPositive Net Change

Kanishka Das

Will These 5 Medical Stocks Surpass Q2 Earnings Forecasts?

Let's look at five biotech and drug companies, AMGN, GILD, LLY, VTRS & NVO, due to release their second-quarter 2024 results this week.

NVOPositive Net Change LLYNegative Net Change AMGNPositive Net Change GILDPositive Net Change VTRSPositive Net Change