The Week Ahead In Biotech (May 23-29): Eton, Lantheus FDA Decisions, Adcom Test For Provention, Chiasma Data Presentation

The Week Ahead In Biotech May 23-29: Eton, Lantheus FDA Decisions, Adcom Test For Provention, Chiasma Data Presentation

Biotech stocks advanced in the week ended May 21, as risk aversion forced traders to buy into defensives. As earnings news flow tapered, stocks took cues from clinical readouts. The American Society of Clinical Oncology, which is set to hold its meeting June 4-8, published abstracts submitted by presenters at the conference. These abstracts triggered some stock-specific reactions.

The week witnessed a few top-level executive departures. Cancer biotech Idera Pharmaceuticals, Inc. (IDRA) lost its chief medical officer. Gene therapy company Passage Bio, Inc. (PASG) announced the departure of its CMO, while it said its chief financial officer will also leave by this month's end.

Voyager Therapeutics, Inc.'s (VYGR) chief executive officer and CMO called it quits, with the company announcing renewed focus on TRACERT gene therapy technology platform and next-generation targeted AAV capsids.

Moderna, Inc. (MRNA) said its COVID-19 vaccine was approved for emergency use in Japan, while Pfizer, Inc. (PFE)-BioNTech SE (BNTX) received incremental orders from the European Union for the supply of their COVID-19 vaccines. Here are the key catalytic events for the unfolding week.

Conferences

  • The UBS Global Healthcare Virtual Conference: Monday, May 24 - Wednesday, May 26.
  • The SynBioBeta Synthetic Biology Biopharma Conference: May 26.
  • The Benchmark Company Healthcare House Call Conference: May 26.
  • American Association of Clinical Endocrinology, AACE, 2021 Annual Meeting: Wednesday, May 26 - Saturday, May 29.

PDUFA Dates

Eton Pharmaceuticals, Inc. (ETON) has two FDA decisions coming up in the unfolding week. The FDA is scheduled to rule on the company's new drug application for dehydrated alcohol injection for the treatment of methanol poisoning, by the PDUFA date of Thursday, May 27. The regulatory agency will also announce its decision on the company's zonisamide oral suspension in epilepsy by the PDUFA date of Saturday, May 29.

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