Jun 12, 8:30 AM EDT
Jazz Pharma announces late-stage trial setback for lung cancer therapy
JAZZPHMMF
Jazz Pharmaceuticals ( JAZZ ) traded lower in the premarket on Friday after announcing that its lung cancer therapy Zepzelca (lurbinectedin), developed with Spanish pharma company Pharma Mar ( PHMMF ), failed in a late-stage trial. The Phase 3 LAGOON trial tes…
Jun 12, 7:31 AM EDT
Rocket Pharma updates cash position after selling priority review voucher
RCKT
Sakorn Sukkasemsakorn Rocket Pharmaceuticals ( RCKT ) on Friday disclosed more than $320M in cash, cash equivalents, and investments pro forma after completing the previously disclosed sale of its rare pediatric disease priority review voucher. In April, the c…
Jun 12, 4:33 AM EDT
Nasdaq-100 shakeup rewards winners, ejects laggards
NDXTER
Nasdaq's latest reshuffle of the Nasdaq-100 ( NDX ) appears to favor some of the market's strongest performers, with the five incoming companies significantly outperforming the five names set to leave the index. Among the additions, Nebius Group ( NBIS ) leads…
Jun 11, 6:02 PM EDT
Amgen hires Duke research organization to save Tavneos from market removal
AMGN
JHVEPhoto/iStock Editorial via Getty Images Amgen ( AMGN ) has procured the services of the Duke Clinical Research Institute, a unit of the Duke School of Medicine, to re-evaluate data from its anti-neutrophil cytoplasmic autoantibody (ANCA)-associated vasculi…
Jun 11, 4:31 PM EDT
Ascendis boasts of long-term Yorvipath data for hypoparathyroidism
ASND
Gilnature/iStock via Getty Images Ascendis Pharma ( ASND ) said that new data from a phase 2 trial of its adult hypoparathyroidism treatment Yorvipath ( palopegteriparatide) indicate sustained efficacy over five years. The hormone replacement therapy led to a…
Jun 11, 2:36 PM EDT
Kymera, Monte Rosa among gainers as Novartis inks deal for molecular glue drugs
NVSKYMRGILDNVSEF
An expanded deal between Novartis ( NVS ) and privately held Orionis Biosciences for molecular glue drugs on Thursday boosted shares of Monte Rosa Therapeutics ( GLUE ), Kymera Therapeutics ( KYMR ), and Nurix Therapeutics ( NRIX ), which focus on similar drug…
Jun 11, 1:34 PM EDT
Alkermes' alixorexton gains FDA orphan drug status for idiopathic hypersomnia
ALKS
Teerasak1988/iStock via Getty Images The US FDA has granted orphan drug designation to Alkermes' ( ALKS ) alixorexton for idiopathic hypersomnia. The oral orexin 2 receptor agonist is currently in phase 2. The condition is characterized by difficulty waking up…
Jun 11, 11:24 AM EDT
Twist Bio favored at Piper despite wait-and-see approach for tools stocks
TWSTDHRA
georgeclerk Twist Bioscience ( TWST ) was the only Overweight-rated stock as Piper Sandler launched its coverage of the life sciences tools sector, recommending a wait-and-see approach until the group sees its next significant growth driver. Analyst David West…
Jun 11, 9:45 AM EDT
Edesa Biotech announces $3.5M PIPE financing
EDSA
Edesa Biotech ( Nasdaq: EDSA ) on Thursday said it entered into a securities purchase agreement for a private investment in public equity financing expected to raise approximately $3.5 million in gross proceeds. The clinical-stage biopharmaceutical company sai…
Jun 11, 8:56 AM EDT
Propanc Biopharma authorizes $5M share buyback program; shares surge
PPCB
Propanc Biopharma ( PPCB ) approved a share repurchase program of up to $5M of its common stock. PPCB shares almost double, up 99.3% premarket. More on Propanc Biopharma, Inc. Historical earnings data for Propanc Biopharma, Inc. Financial information for Propa…