Biotech strength is back, with IBB, PBE, FBT, CANC and HELX climbing as cheaper valuations, rate-cut hopes, FDA approvals and strong deal activity fuel biotech gains.
Zacks·2mo ago
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2 ETFs to Watch for Outsized Volume on Biotechnology Stocks
Biotech ETFs PBE and FBT saw trading volumes soar to over four times their averages, signaling rising interest amid a down day for major indexes.
Zacks·2mo ago
MannKind Stock Soared 8% Today: Why A Surge In Afrezza Inhaled Insulin Sales Matters
The company has now also submitted a supplementary application to the FDA for approval of Afrezza in the pediatric population aged 4-17 years.
Stocktwits·3mo ago
Akebia Therapeutics Stock Slumps After FDA Meeting Ends Without Path Forward for Vafseo Label Expansion
CEO John P. Butler said that the company is “disappointed” with the outcome of its meeting with the FDA on a path forward for the design of a clinical trial of Vafseo in patients with late-stage chronic kidney disease not on dialysis.
Stocktwits·3mo ago
Ionis Pharma Stock Rises After Multiple Price Target Hikes On Heels Of Positive Study Results In Alexander Disease
Guggenheim on Tuesday hiked the price target on the stock to $92 from $90 while keeping a ‘Buy’ rating on the shares.
Stocktwits·4mo ago
Should You Invest in the Invesco Biotechnology & Genome ETF (PBE)?
Zacks·8mo ago
Is Invesco Biotechnology & Genome ETF (PBE) a Strong ETF Right Now?