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 April 9)
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Edap Tms SA (NASDAQ: EDAP)
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INmune Bio Inc (NASDAQ: INMB)
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NGM Biopharmaceuticals Inc (NASDAQ: NGM)(began trading on the Nasdaq last week)
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PhaseBio Pharmaceuticals Inc (NASDAQ: PHAS)(announced obtaining Breakthrough Therapy Designation for its reversal
agent for blood thinner)
Down In The Dumps
(Biotech stocks hitting 52-week lows on April 9)
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Acorda Therapeutics Inc (NASDAQ: ACOR)
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Adamas Pharmaceuticals Inc (NASDAQ: ADMS)
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Evoke Pharma Inc (NASDAQ: EVOK)
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Revance Therapeutics Inc (NASDAQ: RVNC)(announced an executive appointment)
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Vaxart Inc (NASDAQ: VXRT)(priced its
common stock offering)
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Teva Pharmaceutical Industries Ltd (NYSE: TEVA)
Stock In Focus
PhaseBio To Offer 3M Shares
PhaseBio, which IPOed
in late 2018, commenced an underwritten public offering of 3 million shares of its common shares. All the shares sold in the
offering will be offered by the company.
The stock fell 6.09 percent to $13.72 in after-hours trading.
FDA Greenlights Amgen's Drug To Treat Osteoporosis In Postmenopausal Women
FDA approved Amgen, Inc. (NASDAQ: AMGN)'s said Evenity, chemically romosozumab-aqqg for treating osteoporosis in
postmenopausal women at high risk of breaking a bone.
Evenity is a monoclonal antibody that blocks the effects of the protein sclerostin and works through increasing new bone
formation. One dose of Evenity consists of two injections, one immediately following the other, given once a month by a healthcare
professional.
Following the issue of a complete response letter in July 2017, the company resubmitted
the BLA for Evenity in July 2018, including two more recent pivotal Phase 3 trials, dubbed ARCH and BRIDGE study.
The stock rallied 1.56 percent to $196 in after-hours trading.
Related Links:
Attention Biotech Investors: Mark Your Calendar For These April PDUFA Dates
The Week Ahead In Biotech: Conferences, PDUFA Dates And Clinical Trial Readouts
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