Skip to main content

Market Overview

The Daily Biotech Pulse: Immunic To Develop COVID Treatment, Gilead Strikes IO Partnership

Share:
The Daily Biotech Pulse: Immunic To Develop COVID Treatment, Gilead Strikes IO Partnership

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 April 21)

  • Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY)
  • Arcturus Therapeutics Ltd (NASDAQ: ARCT)
  • Arvinas Inc (NASDAQ: ARVN)
  • Exelixis, Inc. (NASDAQ: EXEL)
  • GenMark Diagnostics, Inc (NASDAQ: GNMK)
  • Keros Therapeutics Inc (NASDAQ: KROS)
  • Kiniksa Pharmaceuticals Ltd (NASDAQ: KNSA)
  • Moderna Inc (NASDAQ: MRNA)
  • OraSure Technologies, Inc. (NASDAQ: OSUR)
  • Repro-Med Systems, Inc. (NASDAQ: KRMD)
  • Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX)

Down In The Dumps

(Biotech Stocks Hitting 52-week Lows April 21)

  • Cyclacel Pharmaceuticals Inc (NASDAQ: CYCC)(announced pricing of $20 million common stock offering)
  • Nabriva Therapeutics PLC – ADR (NASDAQ: NBRV)
  • Viveve Medical Inc (NASDAQ: VIVE)

Stocks In Focus

Novartis' Cell Therapy Gets Regenerative Medicine Advanced Therapy Designation For Follicular Lymphoma

Novartis AG (NYSE: NVS) said the FDA granted Regenerative Medicine Advanced Therapy designation to Kymriah for an investigational new indication to treat patients with relapsed or refractory follicular lymphoma. Kymriah is a CAR-T cell therapy and has already been approved for pediatric and young adult acute lymphoblastic leukemia, and adult diffuse large B-cell lymphoma.

Actinium Prices Common Stock Offering at Discount

Actinium Pharmaceuticals Inc (NYSE: ATNM) said it has priced its previously-announced underwritten public offering of 183.33 million shares at 15 cents per share. The company expects to raise gross proceeds of $27.5 million from the offering.

The company said it intends to use the net proceeds to complete its ongoing pivotal, Phase 3 SIERRA trial for its lead product candidate, Iomab-B, and support its BLA filing, among other things.

The stock was slumping 27.94% to 17 cents in pre-market trading Wednesday.

Immunic's Antiviral Investigational Assets Found Effective Against Coronavirus In Animal Studies

Immunic Inc (NASDAQ: IMUX) reported that IMU-838, its lead asset has successfully demonstrated preclinical activity against SARS-CoV-2. More specifically, IMU-838 was observed to inhibit replication of clinical isolates of SARS-CoV-2 associated with COVID-19, the company said.

The company said these positive results have encouraged it to prepare a clinical development program for IMU-838 as a potential treatment option for patients with COVID-19 and potential other, future viral pandemics.

In premarket trading Wednesday, the stock was jumping 88.08% to $16.10. 

BioNTech, Pfizer Get German Regulatory Nod For Human Testing Of COVID-19 Vaccine Candidate

BioNTech SE – ADR (NASDAQ: BNTX) and Pfizer Inc. (NYSE: PFE) said the German regulatory authority, the Paul-Ehrlich-Institut, has approved the Phase 1/2 clinical trial for BioNTech's BNT162 vaccine program to prevent COVID-19 infection. The companies are awaiting FDA nod to begin human testing in the U.S.

In pre-market trading, BioNTech shares were soaring 52.15% to $64.30 and Pfizer was seen adding 5.56% to $37.60.

Quest Begins Offering Antibody Testing For Coronavirus

Quest Diagnostics Inc (NYSE: DGX) said it has begun to perform antibody testing for coronavirus using blood samples. The company already gives healthcare providers access to its molecular diagnostic laboratory testing.

Gilead Strikes Immuno-oncology And Cell Therapy Collaboration With oNKo-innate

Gilead Sciences, Inc. (NASDAQ: GILD), its Kite unit and oNKo-innate announced a 3-year cancer immunotherapy research collaboration to support the discovery and development of next-gen drug and engineered cell therapies focus on natural killer, or NK, cells.

oNKo-innate will run screens to identify and validate targets to seed internal Gilead immuno-oncology discovery programs, while for Kite, oNKo will create and evaluate NK constructs for Kite's development of next-generation cell therapies.

The stock was gaining 2.15% to $80.22 in pre-market trading.

VBI Vaccines Announces Secondary Offering Of Common Stock

VBI Vaccines Inc (NASDAQ: VBIV) announced that it has commenced an underwritten public offering of its common shares. The company said it intends to use the net proceeds to support the regulatory filings, pre- commercialization, and launch planning activities for Sci-B-Vac in the U.S., Europe, and Canada, for the continued advancement of its pipeline programs, and for general corporate purposes.

In pre-market trading, the stock was slumping 30.13% to $1.09.

met its co-primary efficacy endpoints and six key secondary endpoints. In addition, relugolix combination therapy was generally well-tolerated including minimal bone mineral density loss over 24 weeks.

Myovant Reports Positive Results For Latestage Study of Drug to Treat Endometriosis-Related Pain

Myovant Sciences Ltd (NYSE: MYOV) announced results from the Phase 3 SPIRIT 2 study of once-daily relugolix combination therapy in women with pain associated with endometriosis, which showed the study met its co-primary efficacy endpoints and six key secondary endpoints.

In pre-market trading, shares were adding 7.08% to $12.40.

On The Radar

Earnings

  • Biogen Inc (NASDAQ: BIIB) (before the market opens)
  • Quest Diagnostics (before the market opens)
 

Related Articles (GILD + IMUX)

View Comments and Join the Discussion!

Posted-In: Biotech Earnings News Health Care Offerings FDA Top Stories Pre-Market Outlook Best of Benzinga

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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
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