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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:
Overview of the biotech & pharma stocks that had the best & worst weeks (as measured by % change in price)
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).
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:
Biotechnology (life sciences and the like)
Drug Manufacturers - General (this one includes big pharma)
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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