Activity in the biotech space is likely to pick up this week. Events are likely to be headlined by the annual JPMorgan Healthcare Conference.
Biotech stocks closed 2019 with gains, although they underperformed relative to the broader market. The iShares NASDAQ Biotechnology Index (NASDAQ: IBB) closed up 25.2% in 2019 compared to the S&P 500's 29% jump.
The new year is likely to bring several challenges for biotech stocks, the chief among them being a hard political stance on drug pricing ahead of the year's elections.
The following are key catalysts that could take the spotlight this week.
38th Annual JPMorgan Healthcare Conference: Jan. 13-16 in San Francisco, California.
A joint Tuesday meeting of the FDA's Anesthetic and Analgesic Drug Products Advisory Committee and the Drug Safety and Risk Management Advisory Committee will discuss Nektar Therapeutics' (NASDAQ: NKTR) NDA for oxycodegol, a NME full mu-opioid receptor agonist, for the management of chronic low back pain in adult patients with pain severe enough to require daily, around-the-clock, long-term opioid treatment.
The same committees on Wednesday will discuss IntelliPharmaCeutics International Inc.'s (OTC: IPCIF) NDA for an extended-release oral tablet formulation of oxycodone. The investigational candidate is being evaluated for the management of moderate-to-severe pain when a continuous, around-the-clock opioid analgesic is needed for an extended period of time
The Anesthetic and Analgesic Drug Products Advisory Committee on Thursday will review DURECT Corporation's (NASDAQ: DRRX) NDA for bupivacaine extended-release solution for the proposed indication of post-surgical analgesia.
Cyclerion Therapeutics Inc (NASDAQ: CYCN) is likely to release Phase 1 data for IW-6463 from the study of healthy volunteers at the JPMorgan Healthcare Conference. IW-6563 is a brain-penetrant, oral sGC stimulator being evaluated for neurodegenerative diseases.
AzurRx BioPharma Inc (NASDAQ: AZRX) will present new data from five patients enrolled in its Phase 2 study for its lead development candidate MS1819-SD, which is being evaluated as an add on therapy for severe exocrine pancreatic insufficiency, at the 2020 Biotech Showcase Conference being held in San Francisco. The presentation is scheduled for 6 p.m. ET Monday.
I-Mab, a China-based clinical-stage biopharma company focused on the development of biologics, primarily for cancers and autoimmune disorders, has filed to offer 7.41 million ADSs representing 17.04 million ordinary shares in an IPO.
The offering is expected to be priced between $12 and $15 per ADS. The company has applied for listing its ADSs on the Nasdaq under the ticker symbol "IMAB."
See more from Benzinga
- A Preview Of JPMorgan's Healthcare Conference: Focus On Value-Creating Themes, 2020 Expectations
- The Daily Biotech Pulse: Positive Data Readouts To Spur Aclaris, Moderna And Ultragenyx
- The Daily Biotech Pulse: Merck's Keytruda Snags Another FDA Approval, DBV Announces Positive Peanut Allergy Study Findings, Applied Genetic Soars On Trial Results
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