Here's a roundup of top developments in the biotech space over the last 24 hours.
Scaling The Peaks
(Biotech stocks hitting 52-week highs on Jan. 30)
Down In The Dumps
(Biotech stocks hitting 52-week lows on Jan. 30)
- Oramed Pharmaceuticals, Inc. (NASDAQ: ORMP )
Stock In Focus Hologic Q1 Results Beat Estimates
Hologic, Inc. (NASDAQ: HOLX ) reported Q12019 non-GAAP EPS of 58 cents per share on revenues of $830.7 million, up 5 percent year-over-year. The results exceeded the consensus estimates, which called for EPS of 57 cents per share on revenues of $817.94 million. The company raised its full-year constant currency revenue and EPS guidance.
Roche Reports Strong FY18 Results
Roche Holdings AG Basel ADR Common Stock (OTC: RHHBY ) reported 7 percent increase in FY2018 sales and net income rose 24 percent, exceeding estimates of most analyst. The company forecast low- to mid-single digit sales growth for FY2019.
Surmodics Q1 Results Exceed Estimates
SurModics, Inc. (NASDAQ: SRDX ) reported Q1 2019 non-GAAP EPS of 12 cents Vs. 10 cents a year ago, on revenues of $22.2 million, up 31 percent year-over-year. The results were ahead of expectations. The company raised the low end of its FY19 revenue guidance from $94 million to $97 million. The company also narrowed its non-GAAP bottom line guidance to earnings of 2-22 per share. Analysts, on average, estimate EPS of 7 cents per share on revenues of $93.76 billion.
On The Radar PDUFA Date
Alkermes Plc (NASDAQ: ALKS ) awaits FDA decision on its NDA for ALKS 5461 , which is being evaluated as an adjunctive treatment for major depressive disorder, or MDD, with an inadequate response to standard antidepressant therapies. FDA's Psychopharmacologic Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee, which met jointly to discuss the NDA Nov. 1, voted 2-21 against approval of the drug, citing the inadequate benefit-risk profile.
Celgene Corporation (NASDAQ: CELG ) Q4 EPS $2.39 Beats $2.32 Estimate, Sales $4.037B Beat $3.98B Estimate
After Axsome's Triple-Digit Gains, Is There Room For Further Upside?
JMP Upgrades Intercept Pharma Ahead Of NASH Trial Data
See more from Benzinga
- The Daily Biotech Pulse: Roche Scraps Alzheimer's Disease Trials, Amgen Issues Weak Guidance
- After Axsome's Triple-Digit Gains, Is There Room For Further Upside?
- The Daily Biotech Pulse: Big Pharma Earnings, Kiniksa Offering, FDA Decision Day For Aquestive
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