The Week Ahead In Biotech: Spotlight On Q1 Pre-Announcements As COVID-19 Continues To Disrupt Operations
Biotech stocks went along with the broader market flow in the week ended April 3, with the COVID-19 pandemic dictating sentiment. The week witnessed a host of clinical readouts and pre-announcements in light of the COVID-19 impact.
The stock that made headlines during the week was Amarin Corporation plc (NASDAQ: AMRN), which slumped on an adverse court ruling.
The following are catalysts that could impact biotech stocks in the unfolding week.
The focus is likely to stay on pre-clinical and clinical updates from companies developing therapies and/or vaccines for SARS-CoV-2. More companies are expected to update investors with preliminary first-quarter results that factor in the COVID-19 impact.
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Conferences
Goldman Sachs Cell Therapy Day: April 6
2020 Wells Fargo Biotech Virtual Corporate Access Day: April 7 in Boston, Massachusetts
Canaccord Genuity Horizons in Oncology Virtual Event: April 8 in Boston
2020 Wells Fargo Biotech Virtual Corporate Access Day: April 9 in San Francisco, California
Clinical Readouts
Menlo Therapeutics Inc (NASDAQ: MNLO): top-line data from two ongoing serlopitant Phase 3 studies in pruritus associated with prurigo nodularis (late March/early April)
Oragenics Inc (NYSE: OGEN): Results from the Phase 2 study of AG013 in oral mucositis (early 2020)
Earnings
AngioDynamics, Inc. (NASDAQ: ANGO) (Tuesday after the close)
PAVmed Inc (NASDAQ: PAVM) (Thursday after the close)
IPOs
Keros Therapeutics, which develops therapies for hematological and neuromuscular disorders, plans to offer 5 million shares in an IPO priced between $14 and $16. The company has applied to list its shares on the Nasdaq under the ticker symbol "KROS."
IPO Quiet Period Expiry
Imara Inc (NASDAQ: IMRA)
Related Links:
Attention Biotech Investors: Mark Your Calendar For These April PDUFA Dates
10 Biotech Winners And Losers In Q1
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