Market Overview

The Week Ahead In Biotech: Conferences, Clinical Trial Readouts, Earnings And IPOs

Share:
The Week Ahead In Biotech: Conferences, Clinical Trial Readouts, Earnings And IPOs

Biotech stocks are on track to extend their losses, bucking the positive broader market sentiment. The week saw Achaogen Inc (NASDAQ: AKAO) filing for Chapter 11 bankruptcy and negative clinical readouts from companies such as TRACON Pharmaceuticals Inc (NASDAQ: TCON) and Wave Life Sciences Ltd (NASDAQ: WVE).

Conversely, Johnson & Johnson (NYSE: JNJ) kickstarted big pharma earnings season with a bang.

The following are some of the key catalysts of the unfolding week for biotech investors to watch: 

Conferences

  • 5th International Conference on Spine and Spinal Disorders: April 22-23 in Rome, Italy
  • 13th International Conference on Tissue Science, Engineering, Regenerative Medicine & Bio Banking: April 24-25 in Vancouver, British Columbia 
  • International Conference on Gastroenterology and Hepatology: April 24-25 in Budapest, Hungary
  • 11th World Congress For Hair Research of the European Hair Research Society: April 24-27 in Sitges, Barcelona, Spain
  • 28th Annual Scientific and Clinical Congress of the American Association of Clinical Endocrinologists: April 24-28 in Los Angeles, California
  • 6th International Conference on Depression, Anxiety and Stress Management: April 25-26 in London
  • 14th International Conference on Tissue Engineering & Regenerative Medicine: April 25-27 in Amsterdam, Netherlands
  • 7th International Conference and Exhibition on Bacteriology & Antibiotics: April 26-27 in Vancouver

PDUFA Dates

The FDA is likely to rule on AbbVie Inc (NYSE: ABBV)'s risankizumab that is being evaluated for moderate to severe plaque psoriasis.

Clinical Trial Readouts

Concert Pharmaceuticals Inc (NASDAQ: CNCE) is due to present Phase 2a data for CTP-543, which is being evaluated for Alopecia areata, at the 11th World Congress For Hair Research. The presentation is scheduled for 7 a.m. Eastern on Thursday, April 25. Alopecia areata is an autoimmune disorder that invariably results in complete hair loss.

Horizon Pharma PLC (NASDAQ: HZNP) is scheduled to present at 2 p.m. Eastern on Friday, April 26 with already released Phase 3 data for its thyroid eye disease treatment teprotumumab. The company's presentation is to be made at the 28th Annual Scientific and Clinical Congress of the American Association of Clinical Endocrinologists.

Earnings

Tuesday, April 23

  • Edwards Lifesciences Corp (NYSE: EW) (after the market close)
  • Merit Medical Systems, Inc. (NASDAQ: MMSI) (after the market close)

Wednesday, April 24

  • Boston Scientific Corporation (NYSE: BSX) (before the market open)
  • Biogen Inc (NASDAQ: BIIB) (before the market open)
  • Integra Lifesciences Holdings Corp (NASDAQ: IART) (before the market open)

Thursday, April 25

  • AbbVie Inc (before the market open)
  • Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) (before the market open)
  • Bristol-Myers Squibb Co (NYSE: BMY) (before the market open)
  • Baxter International Inc (NYSE: BAX) (before the market open)
  • AtriCure Inc. (NASDAQ: ATRC) (after the market close)
  • BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) (after the market close)
  • Seattle Genetics, Inc. (NASDAQ: SGEN) (after the market close)
  • Illumina, Inc. (NASDAQ: ILMN) (after the market close)

Friday, April 26

  • Zimmer Biomet Holdings Inc (NYSE: ZBH) (before the market open)

IPO Quiet Period Expiry

  • GENFIT S A/ADR (NASDAQ: GNFT)
  • Precision BioSciences Inc (NASDAQ: DTIL)

Related Links:

Mustang Bio Gallops Higher On Positive Gene Therapy Results For Deadly 'Bubble Boy Disease'

The Daily Biotech Pulse: Hookipa To Debut, Mustang Bio Skyrockets, AngioDynamics Sheds Portfolio 

Posted-In: Biotech Earnings News Previews FDA Top Stories Trading Ideas Best of Benzinga

 

Related Articles (ABBV + AKAO)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

A Second Marijuana ETF Ignites

Insider Buys Of The Week: Conagra, JPMorgan, Kinder Morgan