Biotech News Brief

Biotech news for Thursday, May 21, 2026, ranked by our 5-dimension investment framework — regulatory, technology, commercial, manufacturing, and narrative.

May 19, 4:29 PM EDT

Annovis launches proposed public stock and warrant offering

ANVS

Annovis Bio, Inc. ( NASDAQ: ANVS ) on Tuesday said it launched a proposed underwritten public offering of common stock and accompanying warrants to purchase common stock. The company said the shares and warrants will be issued separately but sold together in t…

May 19, 4:06 PM EDT

Relay Therapeutics launches $175M public stock offering

RLAY

Relay Therapeutics ( RLAY ) announced an underwritten public offering of $175M in common stock. The company also plans to grant underwriters a 30-day option to purchase up to an additional 15% of the offered shares. All shares in the proposed offering

May 19, 2:01 PM EDT

Ionis, Alnylam, BioMarin up as Citi starts at Buy on catalyst and growth outlook

ALNYIONSBBIOASND

alexsl Ionis Pharmaceuticals ( IONS ), Alnylam ( ALNY ), and BioMarin Pharmaceutical ( BMRN ) were among the gainers on Tuesday after Citi launched the SMid Cap Biotech group with a bullish view, citing compelling growth and catalyst outlook. In a research not…

May 19, 12:52 PM EDT

Tiziana says updated data for multiple sclerosis therapy shows long-term safety

TLSA

Md Saiful Islam Khan Tiziana Life Sciences ( TLSA ) announced on Tuesday that new data from a study for an intranasal version of its lead asset, foralumab, indicated that the drug was well-tolerated for longer in patients with multiple sclerosis, an immune dis…

May 19, 10:41 AM EDT

Biggest stock movers Tuesday: AGYS, AKAM, CBRS, and more

AGYSXP

sitox Stock futures inched lower Tuesday as investors weighed high-yielding Treasury notes against easing Middle East tensions after President Trump paused a planned strike on Iran. Here are some of Tuesday's biggest stock movers: Biggest stock gainers Agilysy…

May 19, 9:52 AM EDT

UCB says Bimzelx beat AbbVie’s Skyrizi in psoriatic arthritis trial

ABBVUCBJY

designer491 UCB ( UCBJY ) announced on Tuesday that its biologic medicine Bimzelx outperformed AbbVie’s ( ABBV ) immunology therapy Skyrizi in a head-to-head trial for psoriatic arthritis, an inflammatory condition affecting both skin and joints. Citing Week 1…