Biotech stocks continued to move southward in the week ended March 5, as the broader market extended its sell-off. Though light on news, the week did witness earnings releases from smaller biopharma companies, coronavirus vaccine program updates, mixed FDA rulings and clinical readouts.
Morphic Holding Inc MORF was among the biggest gainers of the week after the company reported a positive early-stage readout in inflammatory bowel disease patients.
M&A momentum continued, as Amgen Inc. (AMGN) announced a deal to buy Five Prime Therapeutics, Inc. FPRX in an $1.9-billion all-cash deal.
Here are the key catalysts for the unfolding week:
Conferences
Chardan's 3rd Annual Microbiome Medicines Summit: March 8
H.C. Wainwright Global Life Sciences Conference: March 9-11
Barclays Global Healthcare Conference: March 9-11
15th International Conference on Alzheimer's and Parkinson's disease: March 9-14
Clinical Readouts
Prothena Corporation plc PRTA will present at the Alzheimer's and Parkinson's disease conference new preclinical data on a treatment for Alzheimer's disease. The treatment targets an anti-tau antibody, which is thought to play a role in the disease. The company says targeting a certain antibody called a novel epitope with PRX005 has shown superior results. The presentation is scheduled for Thursday, March 11, between 7:30 a.m. and 7:45 a.m.
Earnings
Monday
Minerva Neurosciences, Inc. NERV (before the market open)
Syndax Pharmaceuticals, Inc. SNDX (after the close)
Castle Biosciences, Inc. CSTL (after the close)
SI-BONE, Inc. SIBN (after the close)
Avadel Pharmaceuticals plc AVDL (after the close)
Related Link: Attention Biotech Investors: Mark Your Calendar For March PDUFA Dates
Tuesday
Xeris Pharmaceuticals, Inc. XERS (before the market open)
Trevena, Inc. TRVN (before the market open)
InspireMD, Inc. NSPR (before the market open)
Marinus Pharmaceuticals, Inc. MRNS (before the market open)
DarioHealth Corp. DRIO (before the market open)
Gamida Cell Ltd. GMDA (before the market open)
Evelo Biosciences, Inc. EVLO (before the market open)
ANI Pharmaceuticals, Inc. ANIP (before the market open)
Aquestive Therapeutics, Inc. AQST (after the close)
Brickell Biotech, Inc. BBI (after the close)
Cytosorbents Corporation CTSO (after the close)
Cumberland Pharmaceuticals Inc. CPIX (after the close)
MiMedx Group, Inc. MDXG (after the close)
Inari Medical, Inc. NARI (after the close)
Lyra Therapeutics, Inc. LYRA (after the close)
Wednesday
Bio-Path Holdings, Inc. BPTH (before the market open)
Harvard Bioscience, Inc. HBIO (before the market open)
BioDelivery Sciences International, Inc. BDSI (before the market open)
Clearside Biomedical, Inc. CLSD (after the close)
DiaMedica Therapeutics Inc. DMAC (after the close)
Five Prime Therapeutics FPRX (after the close)
Flexion Therapeutics, Inc. FLXN (after the close)
Harpoon Therapeutics, Inc. HARP (after the close)
Lantern Pharma Inc. LTRN (after the close)
TFF Pharmaceuticals, Inc. TFFP (after the close)
Lexicon Pharmaceuticals, Inc. LXRX (after the close)
Protagonist Therapeutics, Inc. PTGX (after the close)
OrthoPediatrics Corp. KIDS (after the close)
Thursday
Burning Rock Biotech Limited BNR (before the market open)
BioXcel Therapeutics, Inc. BTAI (before the market open)
Aldeyra Therapeutics, Inc. ALDX (before the market open)
Achieve Life Sciences, Inc. ACHV (after the close)
Capricor Therapeutics, Inc. CAPR (after the close)
Lineage Cell Therapeutics, Inc. LCTX (after the close)
Geron Corporation GERN (after the close)
Chembio Diagnostics, Inc. CEMI (after the close)
Ocular Therapeutix, Inc. OCUL (after the close)
Nabriva Therapeutics plc NBRV (after the close)
Related Link: Johnson & Johnson Secures Emergency Authorization For Its Single-Shot COVID-19 Vaccine
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