Biotech stocks rebounded along with the broader market in the week ended June 19. The week was a busy one from the perspective of PDUFA dates, with the FDA issuing approvals for Merck & Co., Inc. (NYSE: MRK) and Novartis AG (NYSE: NVS), among others. The week also witnessed a flurry of activity on the IPO front.
The following are key biotech catalysts for the unfolding week.
- American Association of Cancer Research, or AACR, Virtual Annual Meeting II: June 22-24
- BMO 2020 Prescriptions for Success Healthcare Conference: June 23
- American Thoracic Society, or ATS 2020 Virtual: Clinical Trials Session: June 24
- BofA Securities Napa Biopharma Conference: June 24
- Cowen FutureHealth Conference: June 24-25
The FDA is scheduled to rule on Karyopharm Therapeutics Inc's (NASDAQ: KPTI) sNDA for Selinexor, which could expand the drug's label to include adult patients with relapsed or refractory diffuse large B-cell lymphoma, not otherwise specified, who have received at least two prior therapies. (Tuesday)
Zogenix, Inc.'s (NASDAQ: ZGNX) NDA for Fintepla as a potential treatment candidate for seizures associated with Dravet syndrome is pending before the FDA, with the regulatory agency expected to rule on the drug by the June 25 PDUFA date.
Heron Therapeutics Inc (NASDAQ: HRTX) awaits an FDA nod for its HTX-011 as a treatment option for post-operative pain. (Friday)
The FDA is also expected to rule on Chiasma Inc's (NASDAQ: CHMA) NDA for Mycapssa, which is being evaluated as a maintenance therapy for acromegaly. (Friday)
An Adcom meeting scheduled for June 9 has been postponed, making it less likely an approval comes through by the PDUFA date.
Clinical Readouts AACR Presentations
VBI Vaccines Inc (NASDAQ: VBIV) is due to present expanded immunologic and tumor response data from the ongoing Phase 1/2a study of VBI-1901, its cancer vaccine immunotherapeutic candidate, in recurrent glioblastoma patients. (Monday)
BioNTech SE – ADR (NASDAQ: BNTX) will present data from the Phase 1 trial of BNT122 in multiple solid tumors.
DelMar Pharmaceuticals Inc (NASDAQ: DMPI) is due to present data from separate Phase 2 trials of dianhydrogalactitol (VAL-083) in patients with newly diagnosed MGMT-unmethylated glioblastoma as well as in patients with MGMT-unmethylated, bevacizumab-naïve glioblastoma in the recurrent or adjuvant setting.
Affimed NV (NASDAQ: AFMD) is scheduled to present two posters, one on AFM24, a bispecific EGFR/CD16A Innate Cell Engager with the potential to overcome resistance to current targeted treatments for EGFR-positive malignancies, and another on preclinical pharmacology and safety of RO7297089, a novel anti-BCMA/CD16a bispecific antibody for the treatment of multiple myeloma.
Presentations At ATS 2020 Virtual: Clinical Trials Session
AstraZeneca plc (NYSE: AZN): Phase 3 ETHOS trial for triple-combination therapy Breztri Aerosphere, formerly PT010, in patients with moderate to very severe chronic obstructive pulmonary disease.
Insmed Incorporated (NASDAQ: INSM): Phase 2 WILLOW study evaluating the efficacy, safety and pharmacokinetics of INS1007 administered once daily in adults with non-cystic fibrosis bronchiectasis.
United Therapeutics Corporation (NASDAQ: UTHR): key data from the INCREASE study of Tyvaso inhalation solution in patients suffering from WHO Group 3 pulmonary hypertension associated with interstitial lung disease.
Aridis Pharmaceuticals Inc (NASDAQ: ARDS) will participate in a Cantor Fitzgerald-hosted Virtual Fireside Chat on Thursday. The discussion is intended to provide a comprehensive profile of the company's CRISPR-based platform technology APEX, with a particular emphasis on addressing how it can be rapidly customized to future COVID strains as well as any emerging viral or bacterial pathogens.
- Affimed (Tuesday, before the market open)
- Aethlon Medical, Inc. (NASDAQ: AEMD) (Thursday, after the close)
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