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Vertex Pharmaceuticals ($VRTX) reports positive results from two trials

Vertex Pharmaceuticals ($VRTX) stock jumped over 22 percent in its current trading session as it also created a new 52 weeks high of $111.88. The stock responded to the company’s announcement that it has received positive results  from two Phase 3 clinical trials assessing the combination of tezacaftor and ivacaftor [...]

By |March 29th, 2017|Opinions|0 Comments

Premarket Biotech Digest – $ACOR announces +ve results, $CRSP gets new patent, $DCTH announces Q4 results

Acorda Therapeutics ($ACOR) reported positive results from  two studies of CVT-301, an inhaled formulation of levodopa for the treatment of OFF periods in Parkinson's disease patients. The results showed positive long term safety data. The two studies viz. CVT-301-004E and CVT-301-005 involved approximately 700 [...]

By |March 29th, 2017|Digest|0 Comments

Verastem ($VSTM) creates new 52 weeks high

Verastem Inc. ($VSTM) recently announced its fourth quarter and full year results. The company’s net loss for the year ended December 31, 2016 (2016 Period) was $36.4 million, or $0.99 per share, as compared to a net loss of $57.9 million, or $1.61 per share, for the year ended December 31, 2015. Verastem [...]

By |March 28th, 2017|Opinions|0 Comments

Premarket Biotech Digest – $CALA to get milestone payment, $RHHBY launches new test, $ARDM announces Q4 results

Calithera Biosciences Inc. ($CALA) announced that it is now eligible to claim a $12 million milestone payment from its collaboration partner Incyte. The milestone payment has been triggered by the achievement of pharmacokinetic and pharmacodynamic goals for oncology candidate CB-1158. Both the companies had [...]

By |March 28th, 2017|Digest|0 Comments

Idera Pharmaceuticals ($IDRA) continues upward trajectory

Idera Pharmaceuticals Inc. ($IDRA) recently reported that its fourth quarter net income stood at $822,000. The company had suffered a loss for the corresponding period of the previous year. Its net income per share basis was reported at $0.01. Idera earned $15.3 million in revenue during the said time period. [...]

By |March 27th, 2017|Opinions|0 Comments

Premarket Biotech Digest – $AGN reports +ve results, $ALGN inks new deal, $ONTX announces FY2016 results

Allergan ($AGN) reported positive results of two Phase 3 clinical trials assessing orally administered sarecycline in people with moderate-to-severe acne. The studies met their 12 week primary efficacy endpoints. Participants receiving 1.5 mg/kg/day of sarecycline experienced statistically significant reductions in inflammatory lesion counts compared [...]

By |March 27th, 2017|Digest|0 Comments

Threshold Pharmaceuticals Inc. ($THLD) to merge with Molecular Templates

Threshold Pharmaceuticals Inc. ($THLD) recently announced that it has agreed to merge with cancer-focused biopharmaceutical company Molecular Templates Inc. in an all-stock deal.  Under the terms of the deal, the current shareholders of Molecular Templates will own nearly 65.6% of the newly formed combined entity. The remaining 34.4% will be [...]

By |March 24th, 2017|Opinions|0 Comments

Premarket Biotech Digest – $HTGM gets CE marking, $INSY gets DEA approval, $APOP announces Q4 results

Roche Holding AG ($RHHBY) received breakthrough therapy designation from the U.S. Food And Drug Administration (FDA) for its Rituxan (rituximab) drug, which is being developed by its subsidiary Genentech. The drug is for treating Pemphigus Vulgaris (PV), a rare disease which has limited treatment [...]

By |March 24th, 2017|Digest|0 Comments

Idera Pharmaceuticals reports Quarterly and full year results

Idera Pharmaceuticals Inc. ($IDRA) recently announced its fourth quarter financial results. The company’s quarterly net income stood at $822,000. On per share basis, it earned $0.01. Idera had suffered net loss in the corresponding quarter of the previous year. Its revenue for the quarter stood at $15.3 million. For the [...]

By |March 23rd, 2017|Opinions|0 Comments

Premarket Biotech Digest – $MYL recalls Epipen, $HOLX completes acqusition, $IMMY announces Q4 results

Egalet Corp ($EGLT) reported that it has received four new U.S. and international patents for Egalet's proprietary Guardian™ Technology. The US patent is number 9,549,899 covering ARYMO™ ER (morphine sulfate) extended-release tablets for oral use only. It is  the second U.S. patent covering ARYMO [...]

By |March 23rd, 2017|Digest|0 Comments

Pain Therapeutics Inc. ($PTIE) reports positive FDA feedback for REMOXY ER

Pain Therapeutics Inc. ($PTIE) stock jumped over 55 percent in the pre-market session for Tuesday as the company announced receiving the FDA feedback regarding  the additional studies needed to refile its New Drug Application seeking approval of abuse-deterrent REMOXY ER (extended-release oxycodone capsules CII). The update followed a meeting between [...]

By |March 22nd, 2017|Opinions|0 Comments

Premarket Biotech Digest – $VREX inks new deal, $AST reports +ve results, $NEOG announces Q3 results

Shire Plc. ($SHPG) announced that its drug candidate SHP655 has been designated for Fast Track Review by the FDA. The drug is under trial for treating acute episodes of hereditary thrombotic thrombocytopenic purpura in patients with a deficiency in an enzyme called ADAMTS13. Fast Track [...]

By |March 22nd, 2017|Digest|0 Comments

Array BioPharma ($ARRY) withdraws NDA for US approval

Array BioPharma ($ARRY) announced that it has withdrawn its New Drug Application (NDA) in the U.S. seeking approval of binimetinib for the treatment of NRAS mutation-positive melanoma, a rare subtype of skin cancer. The company took the decision upon receiving feedback from the FDA that concluded that data from the [...]

By |March 21st, 2017|Opinions|0 Comments

Premarket Biotech Digest – $NKTR reports +ve results, $TENX announces Q4 results, $BPMC doses first patient

Pain Therapeutics Inc. ($PTIE) stock jumped over 55 percent in the pre-market session as the company announced receiving the FDA feedback regarding  the additional studies needed to refile its New Drug Application seeking approval of abuse-deterrent REMOXY ER (extended-release oxycodone capsules CII). The update [...]

By |March 21st, 2017|Digest|0 Comments

Protalix BioTherapeutics ($PLX) Announces Financial Results

Protalix BioTherapeutics Inc. ($PLX) reported update and financial results for 2016. During the year, the company announced positive six and twelve-month interim phase II data in March 2016 and final results of the trial in August 2016 for Pegunigalsidase alfa (PRX-102) for Fabry Disease. In october 2016, it enrolled the first [...]

By |March 20th, 2017|Opinions|0 Comments

Premarket Biotech Digest – $AZN reports +ve results, $ABUS inks new deal, $CRMD announces Q4 results

AstraZeneca ($AZN) reported results from its CVD-REAL studies for patients with type 2 diabetes (T2D) who were treated with SGLT-2 inhibitors.  The trial studied data  from more than 300K T2D patients across six countries and showed that treatment with SGLT-2 inhibitors [AstraZeneca's Farxiga (dapagliflozin); [...]

By |March 20th, 2017|Digest|0 Comments

Omeros Corporation ($OMER) reports quarterly and annual results

Omeros Corporation ($OMER) reported its financial results for the fourth quarter and for the full year. The company’s revenue for the quarter stood at 412.9 million, up 94 percent on year over year basis. Its full year revenue was reported at $41.6 million, jumping 208 percent over the revenue for [...]

By |March 17th, 2017|Opinions|0 Comments

Premarket Biotech Digest – $GKOS receives code renewal, $EDIT prices stock offering, $SNOA reports +ve results

Glaukos Corporation ($GKOS) stocks showed an upward spike as the company that the CPT codes used by physicians for reimbursement for implanting the iStent device have been extended five years. The extension has been granted by the AMA CPT Editorial Panel. CPT codes are used by [...]

By |March 17th, 2017|Digest|0 Comments

Catalyst Pharmaceuticals ($CPRX) announces results, inks new deal

Catalyst Pharmaceuticals ($CPRX) reported its fourth quarter and full year results. The company incurred a GAAP net loss of $18.07 million or $0.22 per basic and diluted share, compared to a GAAP net loss of $20.23 million or $0.25 per basic and diluted share, for the 2015 fiscal year.  For [...]

By |March 16th, 2017|Opinions|0 Comments

Premarket Biotech Digest – $TROV inks new deal, $PFE gets Chinese approval, $NVLN reports Q4 results

Shire PLC ($SHPG) announced that the European Medicines Agency has approved expanded indications for its hereditary angioedema treatment CINRYZE (C1 inhibitor [human]). The product may now be used for routine prevention of angioedema attacks in children as young as six years with severe and [...]

By |March 16th, 2017|Digest|0 Comments
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