Biotech stocks got some reprieve in this week amid the release of earnings, clinical trial results presentations and positive FDA actions.
Among the noteworthy developments of the week:
- The FDA panel ruling in favor of Johnson & Johnson JNJ's investigational therapy for treatment-resistant depression;
- The agency's approval of Novartis AG NVS's liver fluke infestation drug Egaten and a split-dosing regimen of J&J unit Janssen's Darzalex for multiple myeloma;
- Gilead Sciences, Inc. GILD's NASH candidate flunking a late-stage study.
Here are some key developments that a biotech investor should focus on next week.
Conferences
- 11th International Conference on Vascular Dementia – Feb. 15-16, in Amsterdam, Netherlands Amsterdam, Netherlands
- 30th European Heart Diseases and Heart Failure Congress – Feb. 18-19, in Amsterdam, Netherlands
- 14th Annual Conference on Nephrology & Renal Care – Feb. 18-19, in Singapore City, Singapore
- World Congress on Pain Medicine and Management – Feb. 20-21, in Singapore City
- International Meeting on Dermato Oncology – Feb. 20-21, in Dallas, U.S.
- 27th Annual Congress on Cancer Science and Targeted Therapies – Feb. 20-21, 2019, San Francisco
- International Association for the Study of Lung Cancer 2019, Targeted Therapies of Lung Cancer Meeting – Feb. 20-23, in Santa Monica
- 2019 Transportation and Cellular Therapy Meetings – Feb. 20-24, Houston, Texas
- International conference on Dental Research & Dental Treatments – Feb. 22-23, in Dallas
- Conference Dialysis & Renal Replacement Therapy Trends – Feb. 22-23, in Dallas
- 2nd International Conference on Neurology and Neurosurgery – Feb. 22-23, in Abu Dhabi, UAE
- American Academy of Allergy, Asthma and Immunology Annual Meeting – Feb. 22-25, in San Francisco
Clinical Trial Results
Gamida Cell Ltd GMDA is due to present updated Phase 1 data on its non-Hodgkin lymphoma and multiple myeloma treatment candidate NAM-NK at the 2019 Transportation and Cellular Therapy Meetings on Wednesday, Feb. 20.
TRACON Pharmaceuticals Inc TCON will present Phase 1 data for its TRC105 in combination with Bristol-Myers Squibb Co BMY's Opdivo at the International Association for the Study of Lung Cancer to be held between Feb. 20 and Feb. 23.
Orchard Therapeutics PLC – ADR ORTX is due to present Phase 1/2 data for its OTL-101, being evaluated for adenosine deaminase severe combined immunodeficiency, at the 2019 Transportation and Cellular Therapy Meetings on Friday, Feb. 22.
BioCryst Pharmaceuticals, Inc. BCRX is scheduled to present Phase 2 data for BCX7353, its treatment candidate for angioedema attacks in patients with hereditary angioedema at the American Academy of Allergy, Asthma and Immunology Annual Meeting on Saturday, Feb. 23.
Earnings
Monday, Feb. 18
Alimera Sciences Inc ALIM (after the market close)
Tuesday, Feb. 19
Spark Therapeutics Inc ONCE (before the market open)
Medtronic PLC MDT (before the market open)
Ultragenyx Pharmaceutical Inc RARE (after the market close)
InspireMD Inc NSPR
Wednesday, Feb. 20
Genomic Health, Inc. GHDX (after the market close)
Thursday, Feb. 21
Halozyme Therapeutics, Inc. HALO (after the market close)
DexCom, Inc. DXCM (after the market close)
EXACT Sciences Corporation EXAS (after the market close)
Nevro Corp NVRO(after the market close)
Friday, Feb. 22
Momenta Pharmaceuticals, Inc. MNTA (before the market open)
Related Links:
Johnson & Johnson Wins FDA Panel Backing For Nasal Spray Depression Drug; PDUFA Date Awaits
Analyst: Intercept's NASH Drug Could Launch Sans Competition After Gilead Trial Failure
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