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  • 📈📉 Biotech & Pharma Stock Market Recap | June 3 - 7, 2024

📈📉 Biotech & Pharma Stock Market Recap | June 3 - 7, 2024

🧬 Winners, Losers, and Upcoming Earnings Calls

Welcome to your Saturday Biotech & Pharma Stock Market Recap

What’s to be covered in this hallowed scroll:

  1. Overview of the biotech & pharma stocks that had the best & worst weeks (as measured by % change in price)

  2. We’ll give you a calendar of whose announcing earnings in the upcoming week - and if they’re before the markets open (BMO) or after markets close (AMC).

  3. One more thing we’ll have in future weeks - a recap of the more notable earnings calls the week previous.

Lastly - all three of the above will have sub-sections divided by:

  1. Biotechnology (life sciences and the like)

  2. Drug Manufacturers - General (this one includes big pharma)

  3. Drug Manufacturers - Specialty and Pharma (everyone else that makes drugs, and then some)

And last thing - everything is in USD unless otherwise stated!

This weekend edition is a new feature at TLDR Biotech, so I’d love to get your feedback.

(You can also reach out to me on LinkedIn)

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The Weekly Winners & Losers

Biotechnology

For the winners - Virax Biolabs Group is up for no good reason, while Structure Therapeutics and Replimune had great reasons.

For the losers - a full clinical hold plummeted Biomea Fusion’s ticker, while for CNS Pharmaceuticals it’s nothing clinical, just the announcement of a 1-50 reverse stock split.

Upcoming Biotechnology Earnings Calls

Let’s hope Affimed keeps up the good vibes from earlier this week into next’s week earnings call.

Drug Manufacturers - General

Abbvie ticked higher on good clinical data from an ImmunoGen asset (which they got via their $10.1B buy-out of said biotech).

Another A-named pharma didn’t have an A-week - Amarin took a dive, not because their CEO changed again, but because their prize-commercial product won’t be covered by an undisclosed large national pharmacy benefit manager.

Upcoming Drug Manufacturers - General Earnings Calls

No earnings calls next week for this group. Instead, why not read up on a whole bunch of blockbusters with patents expiries coming up in the next 5 years?

Drug Manufacturers - Specialty & Generic

Esperion Therapeutic’s might be up this week due to future earning potential, while Evoke Pharma’s price is small enough for a light breeze to send up the stock price (though the shorts are circling).

The same breeze-stock-shifting potential can be said for the top three losers here, with prices under $0.50.

And sorry for you tree lovers out there, but mary-jane continues to be a bad investment - but that doesn’t stop some.

Upcoming Drug Manufacturers - Specialty & Generic Earnings Calls

Nothing for this group next week. Instead, why not read up on the OG NTF craze - the tulip?

That’s all for now - go enjoy your weekend!

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