The Daily Biotech Pulse: Enzo's Q4 Loss, Sanofi's Positive Trial Results, ImmunoCellular To Delist

Here's a roundup of top developments in the biotech space over the last 24 hours.

Scaling the Peaks

(Biotech stocks hitting 52-week highs on Oct. 15)

• BioDelivery Sciences International, Inc. BDSI

• Down In The Dumps

(Biotech stocks hitting 52-week lows on Oct. 15)

• Accelerate Diagnostics Inc AXDX
• Altimmune IncALT
• Dova Pharmaceuticals Inc DOVA
• Elanco Animal Health Inc ELAN
• Evelo Biosciences Inc EVLO
• Jounce Therapeutics Inc JNCE
• La Jolla Pharmaceutical Company LJPC
• Mersana Therapeutics Inc MRSN
• Oncolytics Biotech, Inc. ONCY
• Pernix Therapeutics Holdings Inc PTX
• RA Medical Systems Inc RMED
• Seres Therapeutics Inc MCRB
• Translate Bio Inc TBIO
• Trinity Biotech plc TRIB
• Vascular Biogenics Ltd VBLT

Related Link: The Week Ahead In Biotech: ESMO Conference, PDUFA Dates, Clinical Trial Results And IPOs

Stocks In Focus

ImmunoCellular To Delist From NYSE

ImmunoCellular Therapeutics Ltd IMUC announced its intention to voluntarily to withdraw its common stock and listed common stock warrants from listing on the NYSE. The Form 25 filing to effect the voluntary delisting is to become effective Nov. 5.

The company expects its shares to be quoted on the OTC following the suspension of trading on the NYSE American.

The stock was seen slumping 72.92 percent to $0.23 in pre-market trading.

Enzo Biochem Q4 Loss Widens

Enzo Biochem, Inc. ENZ reported Q4 revenues of $24.5 million, down from $28.2 million last year, with the decline attributed to a previously reported account loss with the remaining decline due to lower insurance reimbursement payments and shifts in test mix away from high valued genetic testing in the prior year. Total diagnostic testing volume fell percent. Loss per share on a non-GAAP basis widened from 5 cents to 12 cents.

The stock was seen up moderately in pre-market trading.

Gemmab Says Licensee J&J Reports Strong Darzalex Growth

GENMAB A/S/S ADR GMXAY said worldwide net sales of Darzalex, as reported by Johnson & Johnson JNJ, totaled $498 million in Q3, up from $317 million a year-ago.

Genmab is to receive royalties on the worldwide net sales of Darzalex under the exclusive worldwide license to J&J's Janssen Biotech.

Sanofi's Dupixent Found Effective In Treating Sinus

Sanofi SA SNY reported positive top-line results from two Phase 3 trials of Dupixent, which is being evaluated for treating patients with chronic rhinosinusitis with nasal polyps. The results showed that Dupixent significantly reduced nasal polyp size, nasal congestion severity, and need for systemic corticosteroids and/or surgery.

The stock was up 0.81 percent to $43.78 in pre-market trading.

Amgen Launches Generic Version Of Humira In Europe

Amgen, Inc. AMGN announced the launch of generic Humira, going by the trade name Amgevita in Europe, beginning Oct 16. Amgevita is the first adalimumab biosimilar to be approved by the European Commission. The generic is authorized for treating inflammatory diseases in adults, including rheumatoid arthritis.