The annual BIO CEO & Investor conference was held February 13-14th in New York, a key forum for small biotech companies, especially those that do not receive an invite to the JP Morgan conference in January. Below are some very quick notes from a number of presentations; be sure to note some changes in the […]
MYRX – Myrexis update following earnings release
Myrexis $MYRX (spun off from Myriad Genetics $MYGN and formerly known as Myriad Phamaceuticals), announced fiscal second quarter 2012 earnings on February 9, 2012. A very brief webcast was held, though there was no question and answer session (it was not clear whether there was no one on the line to ask a question, or […]
SNMX – Initiating Coverage on Senomyx
Introduction to Senomyx Senomyx $SNMX is unique from every one of the other companies we cover – while SNMX uses the same tools and techniques of biotech and pharmaceutical drug discovery, they apply these efforts to the discovery of novel food and beverage ingredients. Senomyx develops high throughput assays to screen large compound libraries for […]
INFI – Hedgehog inhibitor fails phase 2 trial in pancreatic cancer
Infinity Pharma $INFI announced on January 27th that it was halting a randomized phase 2 trial of the Hedgehog inhibitor saridegib (IPI-926) in metastatic pancreatic cancer, sending the stock down by about 40% to around $6.00 (~$160m market cap). I’ll recap what happened and what is next for INFI based today’s conference call as well […]
LXRX – Lexicon Pharmaceuticals is Overvalued
Lexicon Pharma stocks its drug candidate pipeline with a discovery platform based on mouse gene knockout technology, which has allowed them to study the roles of different proteins in disease and select drug targets accordingly. The company’s major clinical programs are headlined by their candidate for type 2 diabetes, LX4211. LXRX has consistently talked about […]
ASCO Gastrointestinal (GI) Cancer Symposium – Update
Last night (January 17th), the American Society of Clinical Oncology (ASCO) released the full abstracts summarizing the data contained in all presentations at the upcoming ASCO-GI meeting January 19-21, 2012. In our preview post, we highlighted a number of presentations that caught our attention heading into the meeting. Our notes are below; all in all, […]
ISIS – Research & Development Day Pipeline Recap
Isis Pharma $ISIS held its annual research and development pipeline update for analysts and investors on January 5, 2012. Unfortunately there was no question and answer session, but I’ll review some of the highlights from the two hours of prepared remarks below. An overview of 2012 goals and milestones for the entire antisense pipeline was […]
AMRN – Will AMR101 receive New Chemical Entity (NCE) Status from the FDA?
Why does this question of New Chemical Entity (NCE) status matter? Simply put, if AMR101 is designated as a New Chemical Entity (NCE) by the FDA, the product receives five years of market exclusivity after approval in the United States, regardless of the patent situation (sometimes referred to as Hatch-Waxman exclusivity). During this time the FDA will […]
AIS – “Lies, Damn Lies, and Statistics”
Anatres Pharma (AIS) has been the subject of biotech stock buzz lately, due to two closely spaced news events concerning the company’s proprietary topical gel products. The failure of LibiGel, a testosterone product for female sexual dysfunction, in phase 3 efficacy trials conducted by their partner BioSante Pharma (BPAX), has grabbed the headlines. While that […]
BPAX – Picking up the pieces
After much anticipation, BioSante Pharma $BPAX released top-line data for the two pivotal phase 3 efficacy data for LibiGel, a testosterone gel for the treatment of hypoactive sexual desire disorder (HSDD) on December 14, 2011. Quite simply, the results were disastrous. LibiGel failed to show a significant improvement in the number of satisfying sexual events (SSEs) or sexual […]
SPPI – Generic Fusilev fears cause sell-off
Spectrum Pharma $SPPI shares were lower by as much as 10% on Friday 12/9/2011 based on concerns over potential generic competition for their cancer drug Fusilev (levoleucovorin). A flurry of media interviews by management and a press release defending Fusilev’s patent protection helped the stock recover part of its losses by the market close. Fusilev, […]
