biotech
Alnylam Pharmaceuticals Inc (NASDAQ: ALNY) opened more than 30% up on Monday after reporting promising results from a late-stage trial of its heart drug. Shares of the biopharmaceutical company are now trading at a year-to-date high of $220. Why is it significant for Alnylam Pharmaceuticals stock?Vutrisiran demonstrated significant efficacy in reducing mortality and cardiovascular complications in the aforementioned study. It’s a drug that targets transthyretin amyloidosis with cardiomyopathy – a condition that stiffens the heart and impairs blood pumping. Pushkal Garg – the chief medical offi...
Invezz
Alimera Sciences Inc (NASDAQ: ALIM) rallied a whopping 75% in premarket today after ANI Pharmaceuticals Inc (NASDAQ: ANIP) said it will buy the Alpharetta, Georgia based company for about $381 million. ANI shares are roughly flat at writing. Alimera Sciences stock valued at a 75% premiumANI Pharmaceuticals is willing to pay $5.50 in cash for each share of Alimera Sciences. It has also agreed to 50 cents a share of additional payout provided that the acquiree hits certain revenue targets in 2026 and 2027. Nikhil Lalwani – the chief executive of $ANIP said in a press release on Monday: We believ...
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Zealand Pharma (CPH: ZEAL) rallied more than 20% this morning after reporting positive results from an early stage trial of its new weight loss treatment. The biotech firm is now trading at an all-time high. Why is it significant for Zealand Pharma stock?Petrelintide – a long-acting amylin analog of Zealand Pharma showed significant efficacy in a 16-week trial, as per its press release on Friday. Participants receiving high doses successfully lowered their body weight by 8.6% versus only 1.7% observed in the placebo group. Only one participant out of a total of 48 had to withdraw from the stud...
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Sarepta Therapeutics Inc (NASDAQ: SRPT) rallied a whopping 40% in extended hours today following a key announcement from the U.S. Food and Drug Administration regarding Elevidys. Elevidys is the company’s treatment for Duchenne muscular dystrophy. Why is it significant for Sarepta Therapeutics stock?The FDA granted accelerated approval for a label expansion of “delandistrogene moxeparvovec” to include non-ambulatory patients on Thursday. The decision is significant for individuals with DMD who have lost the ability to walk. Jerry Mendell – the co-inventor of Elevidys said in a press release%2C...
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Longeveron Inc (NASDAQ: LGVN) rallied another 50% on Thursday as investors continued to celebrate the positive update of its Lomecel-B study. Why is it significant for Longeveron stock?The biotech firm reported encouraging investigator data from the said Phase 2 trial on Tuesday. Lomecel-B is its candidate treatment for hypoplastic left heart syndrome (HLHS). Note that the ELPIS II study is still ongoing. Ram Kumar – the principal investigator of that clinical trial said in a press release today: Lomecel-B clinical data is highly encouraging and suggests it has the potential to be a new, addit...
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Lodi (United States) (AFP) - It may look like an innocent green plant, but its name evokes something far closer to a robot or interstellar rocket. Neo Px is a bioengineered plant capable of purifying indoor air at an unprecedented scale, the first in a potentially long line of such super-powered organisms. "It's the equivalent of up to 30 regular houseplants in terms of air purification," said Lionel Mora, co-founder of startup Neoplants. "It will not only capture, but also remove and recycle, some of the most harmful pollutants you can find indoors." Five years ago, the entrepreneur met Patr...
AFP
GT Biopharma Inc (NASDAQ: GTBP) is up a whopping 150% at writing even though there hasn’t been any news to catalyse that sort of a rally in shares of the clinical-stage biopharmaceutical company. GT Biopharma stock trading volume today$GTBP did not publish a press release or file with the Securities & Exchange Commission on Monday. None of the Wall Street analysts issued a bullish note on it either. Still, more than 20 million shares of the Nasdaq-listed firm have exchanged hands today as of writing. The daily trading volume is up massively from about 10,000 only on average. The massive rally ...
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CytomX Therapeutics Inc reported favourable results for its ongoing trial of CX-904 on Thursday. Shares of the biotech firm are still down about 30% at writing. CX-901 shows favourable safety profileThe PROBODY T-cell engager showed anti-cancer properties in a Phase 1a clinical study of patients with advanced pancreatic cancer. CX-904 has an adequate safety profile as well to be administered in an outpatient setting, as per the press release on Thursday. The data “opens broad new possibilities for T-cell engagers across many targets and cancer types”, Sean McCarthy – the chief executive of Cyt...
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Google DeepMind has introduced the third iteration of its groundbreaking artificial intelligence model, AlphaFold, aimed at enhancing the efficiency and precision of drug design and disease treatment. This latest development was announced in London on May 8, marking a significant step forward in the use of AI in molecular biology. Comprehensive mapping of life’s moleculesSince its initial breakthrough in 2020, where AlphaFold utilized AI to predict protein behaviors, the tool has evolved. The current version, developed in collaboration with Isomorphic Labs—both companies under the leadership o...
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The iShares Russell 2000 ETF (IWM) has continued to underperform its bigger rivals like the SPDR S&P 500 ETF (SPY) and the Invesco QQQ (QQQ) ETFs. It has risen by just 2.2% this year while the other two have soared by over 5%. This is a trend that has been going on for a long time as mega-cap companies like Apple, Amazon, Nvidia, and Alphabet have continued soaring. The Russell 2000 index is mostly made up of smaller companies with thinner balance sheets and profitability. IWM vs SPY vs QQQ ETFs Best-performing Russell 2000 ETF stocksStill, the index has had some of the best-performing compani...
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